Nikkei down 4%
Hang Seng H-share down 7.5%
Singapore Straits Times down 3.5%
S&P ASX down 2.5%
Shanghai down 1.5%
US partners in G8 balk at joining US in fiscal stimulus...
...plus, to make matters worst, US markets are open tomorrow!
I wonder whether the Fed is rekless enough to cut again?