Sydney: Stock markets in Asia opened sharply lower on Friday, following a day of sharp losses in markets around the world.
Japan's Nikkei 225 index was down 183.46 points, or 2.1 percent, at 8,760.30 in early morning trading.
Australia's benchmark S&P/ASX 200 index was down 117.2 points, or 2.8 per cent, at 4,134.1, and New Zealand's NZX 50 fell 36.35 points, or 1.1 per cent, to 3,249.86.
Global markets plunged on Thursday amid rising signs of a U.S. recession and renewed worries over the financial health of Europe's banks.
In the US the Dow Jones industrial average slid 3.7 per cent on Thursday to 10,990.58. In Europe, Britain's FTSE 100 closed down 4.5 percent at 5,092.23, while Germany's DAX fell 5.8 per cent to 5,602.80.
Japan's Nikkei 225 index was down 183.46 points, or 2.1 percent, at 8,760.30 in early morning trading.
Australia's benchmark S&P/ASX 200 index was down 117.2 points, or 2.8 per cent, at 4,134.1, and New Zealand's NZX 50 fell 36.35 points, or 1.1 per cent, to 3,249.86.
Global markets plunged on Thursday amid rising signs of a U.S. recession and renewed worries over the financial health of Europe's banks.
In the US the Dow Jones industrial average slid 3.7 per cent on Thursday to 10,990.58. In Europe, Britain's FTSE 100 closed down 4.5 percent at 5,092.23, while Germany's DAX fell 5.8 per cent to 5,602.80.
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