Asian Markets Plunge as Crude Rises and Rupee Slides

Crude oil prices rose and the rupee fell as Dalal Street closed lower, mirroring a broad downturn across major Asian and European markets. The Kospi in Korea dropped 3.5%, the Hang Seng in Hong Kong fell 3%, and the Nikkei in Japan closed down 2.7% at the close. Shanghai Composite in China also c