Tumbling-Markets

Investors, gripped by fears of a U.S. recession, dumped shares over skepticism that an economic stimulus-plan President George W. Bush announced on Friday would shore up an economy battered by problems.

Stock markets across most of Asia fell Monday, following declines on Wall-Street last week, and the bad news swept westward as European investors reacted.

France's CAC-40 plunged 6.1 percent, but it was not the only European market to see a significant drop. Germany's DAX was down 6 percent in morning trading, while Britain's FTSE-100 dropped 5.1 percent.

"Let's say that today, the markets across the world, and especially the French market, are undergoing a phenomenon of distrust in the markets that are leading them downward," Alain Crouzat, president of Montsegur-Finance, told AP-Television.

Via WCCO-TV