Asian markets tumble as dealers cash in
Asian markets tumbled yesterday as dealers decided to cash in on a rally that has pushed stocks to highs not seen for several months.
Asian markets tumbled in early trading Thursday after overnight losses on Wall Street and amid persistent worry over the likely impact of a US recession.Hong Kong's Hang Seng Index fell as much as 4.4 percent in morning trade, while on the Chinese mainland, the Shanghai Composite Index dropped 6.5 percent to 3,516.33 - its lowest level since June.Both indexes later came off their early lows.