European and Asian markets tumbled and Wall Street headed for a sharply lower opening Thursday as Carlyle Capital appeared close to collapse, the dollar plunged against foreign currencies and oil hovered near record highs.
In Europe, the U.K's benchmark FTSE 100 index dropped 1.9 percent to 5,667.5, while Germany's DAX slipped 2.4 percent to 6,443.59. In France the CAC declined 2.5 percent to 4,579.56
Dow futures were down 164 points, or 1.4 percent, to 11,959, while the Standard & Poor's 500 index futures were down 19.8 points, or 1.5 percent, to 1,289.6.
In Asia the dollar's drop to a 12-year low against the yen hammered stocks of Japanese exporters such as Toyota and Sony. The Nikkei 225 index tumbled 3.3 percent to 12,433.4, its lowest in 2 1/2 years.
In late Tokyo trading, the dollar fell below 100 yen for the first time since 1995, sinking as low as 99.75 yen.
In Hong Kong, the Hang Seng Index fell 4.8 percent to 22,301.6. Benchmark indices fell more than 2 percent in Australia, China, Malaysia, South Korea and Taiwan, while markets in India and Indonesia lost more than 4 percent.
In South Korea, steelmaker Posco plunged 6.2 percent, shipbuilder Hyundai Heavy Industries fell 4.9 percent and Samsung Electronics -- the country's largest corporation -- fell 1.8 percent
Asian Market Closing
Nikkei 225 12,433.44 -427.69 -3.33%
Hang Seng 22,301.64 -1,121.12 -4.79%
Straits Times 2,805.55 -112.39 -3.85%
Europe market
FTSE 100 5,673.00 -103.40 -1.79%
DAX 6,449.05 -150.32 -2.28%
CAC 40 4,586.24 -110.86 -2.36%
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