Asian markets continue to slide on the back of weak cues from the US markets and liquidity crunch as fears of a deeper US recession worries investors worldwide.
The Hang Seng has tanked 1,304 points (8.2%) at 14,640. The Nikkei has crashed 974 points (10.6%) at 8,183.
The Taiwan Weighted index has slipped 76 points (1.5%) to 5,131. The Straits Times index has tumbled 150 points (7.1%) to 1,953, and the Seoul Composite index has cracked 98 points (7.6%) at 1,197.
The Shanghai Composite index has shed 89 points (4.3%) at 1,986.