DEBORAH MARCHINI, CNN ANCHOR: For the copycat session in the Asian markets, Michelle Han sums up the day now from Hong Kong. Hello, Michelle.</s>MICHELLE HAN, CNN CORRESPONDENT: Deborah, good morning. Asia's key markets followed Wall Street into the red. The failure of unlisted Chiyoda Mutual Life Insurance, Japan's biggest corporate bankruptcy ever, spooked Tokyo markets on the first day of trade after a long weekend. Japan's 12th largest life insurer buckled under a $27 billion mountain of debt late Monday. And this latest casualty out of Japan dented sentiment on the broader market. The benchmark Nikkei average shed 1 percent. Hong Kong's Hang Seng index sank nearly 1 percent due to weakness in blue chips. Global banking giant HSBC fell half a percent as investors pressured over the ailing euro's impact on the lender's bottom line. In South Korea, the benchmark Kospi ended slightly lower as nervousness over U.S. companies' third-quarter earnings weighed on investors' minds. And the Daewoo Motor debt drama continues. The country's financial restructuring commission said Oh Hogan (ph), the head of Daewoo's restructuring efforts, will resign on Wednesday. Oh's departure comes after Ford Motor's acquisition of the troubled automaker collapsed last month. GM and Fiat are currently negotiating for the takeover of the South Korean carmaker. And that wraps up the business day here in Asia. Deborah, back to you.</s>MARCHINI: Thank you, Michelle.
Key Asian Markets Follow Wall Street Into Red