Asian stocks tumble on Black Monday
New Delhi: As concerns about higher oil prices, a possible US rate rise and increased Chinese controls on its economy began to assume larger proportions Asian bourses took a tumble. Local factors also weighed in over and above the larger cross border concerns.

Oil prices: Rose to a 21-year high on Monday, fanning rates.
Tokyo: The Nikkei stock average closed at 10,505.05, down 3.18 per cent, the lowest closing level since February 12. The rise in oil prices is of concern for Japanese businesses, as they are unable to pass on the higher costs to consumers. Hong Kong: Stocks fell by afternoon on Monday against fears that China may take further measures to cool its economy. The benchmark Hang Seng Index was down almost 2 per cent by noon.
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US Markets take a dive
New York: US stock markets took a dive as well as oil prices sky-rocketed on concerns of more violence in Iraq.
The blue chip Dow Jones index fell 106 points or 1 per cent to close at 9,906 on Monday.

Technology bellwether Nasdaq ended 27 points or 1.45 per cent lower at 1,876. The assassination of Iraq's new Governing Council president heightened concerns about the future stability of Iraq.
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