The Asian markets have opened on a negative note. The Hang Seng has plunged 562 points (3%) to 20,394.
The Nikkei has shed 256 points (2.5%) to 9,723.
The Straits Times and the Taiwan Weighted Index have dropped 1.6% each to 2,610 and 7,422, respectively.
The Seoul Composite has decreased 1.7% to 1,645.
The Shanghai Composite on the other hand is only marginally up at 2,780.