economy To faster change

Asian stocks fell sharply Tuesday, catching up on the European market the day before and the growing fears of a deteriorating global economy.
Oil falls below $ 84 a barrel amid expectations that the continuing weakness in developed economies will hamper demand for crude oil. The rise of the dollar against the euro but lower against the yen.
Nikkei 225 in Japan by 2.1 percent, to 8,601.51, and contributed to the strength of the country's export sector, a sharp decline with increasing fears of recession in the United States last. Toshiba Corp. fell 7 per cent, and Panasonic has lost 3.1 percent.
Decline in Asia comes one day after European equities suffered sharp losses. Close FTSE 100 was down 3.6 percent, to 5,102.58. Germany's DAX index fell 5.3 percent to 5,246.18, and France's CAC-40 index fell by 4.7 percent, to 2,999.54