Markets across the world on Monday were said to be in a "global rout" as stocks tumbled in response to a dismal manufacturing report in the United States and an ongoing crisis in the euro zone.
The Tokyo stock exchange is reeling from its worst showing in decades, reaching a 28-year low. Asian markets took a hit as exchanges in Hong Kong, China, South Korea, Taiwan, and Indonesia experienced significant declines.
In Europe, both Germany and France sustained losses. Britain's markets were closed today for a national holiday.