TOKYO ? The prospect of a double-dip global recession hit Asian and European markets on Friday, driving Tokyo?s key stock index to its lowest point in five months and deepening concerns for Japan?s already-feeble economy.
The Nikkei 225 ? reacting to Wall Street?s worst day since the 2008 financial crisis ? was down 3.72 percent Friday, closing at 9299.88. Hong Kong?s Hang Seng index sank 5.13 percent; other benchmarks in South Korea, Taiwan and Australia fell between 3.5 and 5 percent, as investors came to grips with a crisis that policymaking might do little to slow.
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