It's going to be a brutal day in the markets. Even though many major Asian exchanges are closed for a holiday, early signs from open markets and indicators for European markets point to sharply lower trading. The dollar is sinking like a rock and U.S. securities are being marked down:
Futures point to heavy opening losses in Europe
Sydney, Taipei lower, financials hit by Lehman fears
Asian Stocks, U.S. Futures, Dollar Tumble on Lehman Bankruptcy
This is going to be an ugly, ugly week...
P.S. I know this isn't much of a diary, but it's more of an open thread on the reaction of world markets to Lehman and the U.S. financial markets crisis.
Update [2008-9-15 3:2:42 by Bob Johnson]:
Europe opening lower:
3:01 a.m.
French CAC 40 index down 2.4% at 4,228.15
3:01 a.m.
U.K. FTSE 100 index down 2.3% at 5,293.20