Stock markets reel from Lehman Brothers crisis

Tokyo, Japan: People walk past the city's Lehman Brothers Holdings branch Photograph: Toru Hanai /Reuters

Tokyo: Japanese share prices dropped 605.04 points to close at 11,609.72 points on the Tokyo Stock Exchange - a three-year low Photograph: Yoshikazu Tsuno/AFP

Seoul, South Korea: Dealers watch monitors showing the rapid increase in the won-dollar exchange rate Photograph: STR/EPA

Shanghai, China: The main stock index fell more than 4% Photograph: Aly Song/Reuters

Hong Kong: People walk past newspaper headlines detailing the Wall Street crisis. The blue-chip Hang Seng index tumbled 1,052.29 points - 5.4% Photograph: Vincent Yu/AP

Manila, Philippines: Traders give the thumbs-down sign in front of the Philippine Stock Exchange trading board. Shares fell by 4.5% Photograph: Dennis M. Sabangan/EPA

Jakarta, Indonesia: A stockbroker takes a nap during a second trading session at the Indonesia Stock Exchange Photograph: Crack Palinggi/Reuters

Mumbai, India: Investors watch share prices on a digital stock ticker outside the Bombay Stock Exchange building Photograph: Sajjad Hussain/AFP

Karachi, Pakistan : A stockbroker monitors markets at the Karachi Stock Exchange, where the KSE 100-share index shed 20.71 points Photograph: Fareed Khan/AP

Dubai, UAE: Traders watch a quotation monitor at the stock exchange. Investors saw the biggest one-day decline in shares for eight months Photograph: Ali Haider/EPA

Tel Aviv: Customers use ATMs at a branch of Bank Hapoalim. The bank's stock fell 6.8% in heavy trading Photograph: Jim Hollander/EPA

Frankfurt: The early Dax curve is seen on the main board at the Frankfurt exchange Photograph: Alex Grimm /Reuters

Zurich, Switzerland: A board at the Swiss Stock Exchange shows company share prices Photograph: Allessandro Della Bella/EPA

Frankfurt: Brokers look at their screens as the Dax 30 falls by over 3% Photograph: Thomas Lohnes/AFP

London, UK: City workers walk through Canary Wharf. World equities plunged for the second day running as investors in Europe nervously awaited the reopening of Wall Street Photograph: Shaun Curry/AFP

London: Brokers trade dollars on the currency market at BGC Partners. The FTSE 100 slumped below the 5,000 mark for the first time in more than three years, and the index of Britain's biggest companies had fallen 2.5% by late afternoon Photograph: Stephen Hird /Reuters

New York, US: Specialist Henry Becker (left) directs trading at the post handling AIG on the floor of the Stock Exchange. The market continued its decline after the previous day's 504-point loss Photograph: Stephen Chernin/EPA

New York: A trader works on of the floor of the New York Stock Exchange. The Federal Reserve is scheduled to announce target interest rates for the federal funds Photograph: Spencer Platt/Getty

Sao Paulo, Brazil: Traders work at the Brazilian Mercantile and Futures Exchange. The main index of Sao Paulo's Bovespa exchange plunged 1.7% in midday trading after falling 7.6% a day earlier Photograph: Andre Penner/AP

New York: Robert Moran of Credit Suisse looks at television screens in his booth on the floor of the New York Stock Exchange. The Federal Reserve kept interest rates steady despite the growing financial crisis Photograph: Richard Drew/AP

New York: Traders work on the floor of the New York Stock Exchange on Tuesday. The Dow rose 141.51 points after its worst sell-off in years Photograph: Spencer Platt/Getty