World stocks plunge as contagion spreads

News that the credit crunch is spreading through Europe, it world stock markets hard on Monday.

Trading was stopped on the Russian and Brazilian markets after steep drops. Stocks in Japan, Germany, Britain and Hong Kong plummeted.

In morning trading on Wall Street, the Dow Jones was down 402 points at 11:20 am ET.

Asian stock plunge
WNDU-TV - 1 hour ago

Reporter: AP Asian stock markets plunged Monday as investors shrugged off Washington's passage of a 700 billion dollar bailout plan.
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