ASIA: Another day of historic market losses
Updated
Analysts are already calling yesterday "Black Monday" - and there was no respite today for Asian traders, as the region's markets took another dive amid fears of a full-blown US recession. Sydney had its worst day in 20 years; China shed 7 percent - and both the Mumbai and South Korean exchanges were briefly suspended after hefty early losses. At close of play all eyes were nervously on the United States, where a $US150 billion tax-cut package is under consideration, aimed at staving off recession.
Presenter: Corinne Podger
Speakers: Economic forecaster David Cohen, of Action Economics in Singapore
