THIS IS A RUSH TRANSCRIPT.  THIS COPY MAY NOT BE IN ITS FINAL FORM AND MAY BE UPDATED. DEBORAH MARCHINI, CNN ANCHOR: Another 16-year low for Tokyo tops our Asian report. Lisa Barron is live in Hong Kong with the latest. Hi, Lisa.</s>LISA BARRON, CNN CORRESPONDENT: Good morning, Deborah. Markets in Japan started the week off on a sour note, the Nikkei 225 tumbled more than 2 percent to fresh 16-year lows. Chip stocks were again the reason for the Nikkei's woes following some weaker- than-expected corporate earnings late Friday. Here in Hong Kong, the Hang Seng closed the day at two-year lows; the index continues to hold the title of the "worst performing market in Asia this year." Today's main drag, conglomerate Hutchison Whampoa, it fell nearly 4 1/2 percent to levels not seen in 22 months. Its shares have been under pressure since German phone giant Deutsche Telekom sold 44 million shares of the Hong Kong company last week. And stocks in Taiwan bucked the selling trend with financials taking the lead; investors there optimistic ahead of the expected state takeover of debt-ridden agricultural cooperatives, sparring many banks from large amounts of debt. That's the business day here in Asia. Back to you, Deborah, in New York.</s>MARCHINI: All right, Lisa, thank you. Lisa Barron in our Hong Kong bureau. We want to take a look at the dollar, which has been sliding in the face of weak economic and profit performance in the United States. It continues to weaken against the single European currency, hitting another three-month low. The euro now worth 89 3/4 cents. We've got the dollar up a bit against the pound sterling, down slightly against the Japanese yen. TO ORDER A VIDEO OF THIS TRANSCRIPT, PLEASE CALL 800-CNN-NEWS OR USE OUR SECURE ONLINE ORDER FORM LOCATED AT www.fdch.com
Nikkei 225 Tumbles to 16-Year Low