DEBORAH MARCHINI, CNN ANCHOR: The Asian markets were hit hard by Cisco's warning, in most cases. Dalton Tanonaka joins me now live from Hong Kong with a review of what happened in today's session -- Dalton.</s>DALTON TANONAKA, CNN CORRESPONDENT: Good morning, Deborah. Morgan Stanley's Intel downgrade and that Cisco warning rippling through Asia's biggest stock market -- Tokyo's Nikkei falling nearly 1.5 percent. Chipmaker Fujitsu tumbled 2.75 percent. But analysts said that the minimal size of the fall highlights the fact that investors are perhaps focusing more on the upcoming election for prime minister than on Wall Street. Traders in Hong Kong weren't as tempered in their reaction to Cisco's warning, as the Hang Seng tumbled nearly 3 percent. Cisco's Hong Kong traded stock fell 13 percent. Another big loser: China Mobile -- Hong Kong's biggest mobile phone maker saw it stock price sink 6.3 percent. Telecom giant Pacific Century CyberWorks fell 5.45 percent. Sentiment in Taiwan was a bit more optimistic -- the weighted price index there closing the day virtually unchanged after an early sell off -- that market heavily dependent on chip stocks. Deborah, that is the business day here in Asia -- back to you in New York.</s>MARCHINI: All right, thank you, Dalton.
Cisco Announcement Hits Hong Kong, Tokyo