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Asian markets crumble, Nikkei 225 dives 9.4% Hang Seng loses 8.2%, Indo slumps 10.4%

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Jul 3, 2007
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http://www.marketwatch.com/news/sto...F8DD-C697-451B-A6FD-C0EE046F575F}&dist=msr_30

Excerpt:

"It's not just the hedge-funds, everybody is selling ... And there are no buyers," said Dale Tsang,
managing director at Imperial Dragon Asset Management Co. in Hong Kong. "There is a state of
panic, for cash. Everybody needs cash."

"No, I haven't seen anything like this, and I don't think anybody has seen anything like this before,
except those who are over 75 years old and have seen the Great Depression," Tsang added
 
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