Asian shares take a tumble

HONG KONG - Asian stock prices are off sharply today, tracking Wall Street's losses amid growing concern over record oil prices and other bad news from the U.S. economy.

The losses reflect just how worried foreign investors are, after last week's news that the U.S. jobless rate showed its biggest single gain in more than two decades. That, combined with rising oil prices, have foreign investors worried about the global economy as a whole, and how it could impact Asia's vast export market.

Shares in India were off by more than four percent at one stage of trading. Japan's Nikkei (nee-kay) lost 308 points, or more than two percent.

Markets in South Korea, Taiwan, Thailand and New Zealand were all down one percent or more.