Asian markets continue to reel under selling pressure with most indices down over 4% each.The Hang Seng has slumped 1,165 points (4.9%) at 22,654. The Nikkei has plunged 588 points (4.4%) to 12,738.The Taiwan Weighted index has tumbled 485 points (6%) to 7,625. The Straits Times index has shed 102 points (3.5%) at 2,815, and the Seoul Composite index has dropped 61 points (3.6%) to 1,623.The Shanghai Composite index has slipped 199 points (4%) to 4,715.