Asian stocks hit on FTSE

Fears over emerging market economies continued to hit Asian powerhouses HSBC and Standard Chartered today as the wider FTSE market tumbled further on recession concerns.

Asian stocks hit on FTSE

Fears over emerging market economies continued to hit Asian powerhouses HSBC and Standard Chartered today as the wider FTSE market tumbled further on recession concerns.

HSBC lost 10% and Standard Chartered shed 8% coming after heavy falls on Friday as it became clear emerging markets are not immune to the global financial crisis.

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