Hint of Chinese Interest Rate Hike, Obama's Banking Regulations Send Asian Shares Tumbling

Markets were down in Asia Friday, with Japan's Nikkei 225 Index plunging 2.6% to close at 10,591. In China, the Shanghai Composite Index fell 1% to 3,129 and in Hong Kong the Hang Seng Index slid 0.7%, ending the day at 20,726.