DAVID HAFFENREFFER, CNN ANCHOR: As you can see on those Asian market graphics there, after that 3.9 percent decline in the Nasdaq composite yesterday, we saw some follow-through selling in the Asian markets. It is also a decidedly down day for stocks in Europe. And for the latest numbers there, Todd Benjamin joins us once again from our London Bureau. How bad is it, Todd?</s>TODD BENJAMIN, CNN CORRESPONDENT: It's pretty bad, Dave. You got London off 2 percent, you have the DAX off 3 percent, you have Paris off nearly 3 percent, and you have Zurich off 1.5 percent. And these markets are really being weighed down by a sell-off, a heavy sell-off in tech and telecoms. Let me give you the numbers here -- these all trade in the</s>U.S.: Nokia's off about 10 percent, ASM Lithography off nearly 9 percent. SAP, the big software company, off 8.5 percent, Cable and Wireless off 8 percent, ST MicroElectronics, the big chip maker, off 7 percent. I do want to mention one corporate story to you. British Telecommunications, Microsoft and AT&T; are getting together to cooperate on wireless Internet applications for their customers around the world. And they'll plan to start some trials of the services this autumn with the commercial roll-out due later. Back to you in New York.</s>HAFFENREFFER: All right, thank you, Todd. Todd Benjamin in our London Bureau this morning. Search CNN.com CNNSI.com CNNmoney.com The Web
European Markets Down Following Global Tech Sell-off