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| Version 0 | Version 1 |
|---|---|
| US economy fears hit Asian shares | US economy fears hit Asian shares |
| (10 minutes later) | |
| Asian stock markets have had a negative day, with investors apparently unconvinced by US proposals for an economic stimulus package. | Asian stock markets have had a negative day, with investors apparently unconvinced by US proposals for an economic stimulus package. |
| The Nikkei in Tokyo fell by 3.9% or 535.4 points to 13,325.9, its lowest close since October 2005. | The Nikkei in Tokyo fell by 3.9% or 535.4 points to 13,325.9, its lowest close since October 2005. |
| The Hang Seng in Hong Kong was also down 3.9% in afternoon trading. | |
| On Friday, President George W Bush called for a package including tax incentives for US businesses and direct tax relief for the American people. | On Friday, President George W Bush called for a package including tax incentives for US businesses and direct tax relief for the American people. |
| The state of the US economy is very important to Asia's biggest companies because American consumers are some of their top customers. | The state of the US economy is very important to Asia's biggest companies because American consumers are some of their top customers. |
| The Hang Seng fell 985.4 points to trade at 24,216.5. | |
| Australia's benchmark ASX 200 index closed down 2.9% or 166.9 points at 5,580.4, which is its lowest level for a year. | |
| It was also the 11th consecutive negative day for the index, which has not happened for more than 25 years. | |
| Markets in China, India, South Korea, Singapore, Taiwan and the Philippines also fell. |