The Asian markets are reeling under selling pressure in early trades this morning.The Hang Seng has dropped 145 points to 15,991.The Taiwan Weighted index and Straits Times have shed 1.7% each to 6319 and 2327, respectively.The All Ordinaries, Jakarata and KLSE Composite indices have slipped over 1% each to 4893, 1289 and 904, respectively.