CREDIT CRISIS: Morning Recap of the Asian and European Markets

The tremendous plunge in U.S. stock markets yesterday — the largest one-day drop in U.S. history — sparked some declines on the Asian and European markets. As of 9:06 a.m. ET, here is the bad news:

– Japan’s Nikkei 225 was down 483.75 points or 4.12%
– Malaysia’s Straits Times Index was down 2.43 points
– Germany’s DAX index was down 69.38 points
– France’s CAC40 dropped 20.34 points

There were some bright spots, however. Hong Kong’s Heng Seng and London’s FTSE100 were up 135.53 points and 3.75 points respectively, based on the likelihood of a revival of the $700 billion bailout.

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