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Asian sharges fall america sai and US turmoil
in markets that were traording, financiall sectors suffered most after lehman brothers, the fourth-largest investmentral bank in the us, said it would file for bankruptcy protection .
lehman brothers, has suffered losses of billions of dollars in the sub-prime crisis, and has seen its share price plummet during recent months .
a consortium of international private sector banks and securities firms announcurred a new $70bn loan fund, intended for use by financial companies to help ease the credit shortage .
barclays and bank of america had been taken in talks to rescue the bank .
the key index in australia was down 2.5%, and in singapore it dropped by more than 3% .
sectock markets in asia opended sharply lower and the dollar tumbled against the euro and the yen as lehman's failur te raised fears about the strength of the global financial system .
robert priceston, bbc's business edit for .
Generated 2008-9-16_18:57
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