World markets quake over risks to US economy

Stock markets are tumbling globally with Japanese shares as one point exceeding their 1987 Black Monday loss. While European Shares near six-month lows. Our next report decodes how the fears of a US recession sent investors fleeing from risk while deciding that rate cuts would be needed to rescue growth. Japan's Nikkei 225 share index plunged as much as 10% on Monday, driven by heavy selling amid concerns that the U.S. economy may be in worse shape than previously expected. Watch in for more details!