News of the auto industry bailout breakdown weighed on overseas markets. Asia closed heavily...

|By:, SA News Editor

News of the auto industry bailout breakdown weighed on overseas markets. Asia closed heavily down: Nikkei -5.56% to 8,236. Hang Seng -5.48% to 14,758. Shanghai -3.81% to 1,954. BSE +0.46% to 9,690.