European, Asian Markets Plunge on Crisis Fear

[Technews]

Asian and European stock markets plunge as government bank bailouts in the U.S. and Europe failed to alleviate fears that the global financial crisis would depress world economic growth. Britain's benchmark stock index fell 4.42 percent and Germany's DAX index fell 4.22 percent to 5,552.27. Across Asia, all markets were also in the red; Tokyo's Nikkei 225 index fell to its lowest level in 4 1/2 years, sinking 4.25 percent to 10,473.09.

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