Asian shares plunge

Stocks got a dismal start to the week in Asia, with China's main index losing up to 8.6 per cent Monday as investors shaken by the sell-off last week on Wall Street unloaded shares in practically every sector. Hong Kong's Hang Seng index fell 4.7 per cent to 21,362.28 and Japan's Nikkei 225 stock index dropped 3.9 per cent to 18,673.79. Australia's S&P ASX/200 slid 3.4 per cent to 5,035.10, while South Korea's Kospi lost 3.6 per cent to 1,809.39. The dollar was trading at 121.13 yen on Monday, down from 122.05 yen on Friday. The euro rose to $1.1425 from $1.388. Sony Corp.'s shares fell 7.4 per cent by midday Monday, while Toyota Motor Corp.'s shares dropped 5.8 per cent, according to AP.
-Shuvo-