Global shares dive as fear grips investors

The video discusses the financial turmoil affecting global markets, starting with the freefall of Asian markets like Bangkok, Shanghai, and Tokyo. The banking sector is in shock due to rapid developments, with significant collateral damage beyond Lehman Brothers. European and Moscow stock exchanges also face challenges, with central banks injecting funds to stabilize the situation. Analysts predict a mild recession, with restricted capital flow impacting businesses. The turmoil extends to the insurance sector, with AIG facing imminent bankruptcy.

What are the concerns of Asian banks regarding their funds?

How did the banking sector react to the recent economic developments?

What measures did central banks take in response to the economic situation?

What is the expected impact on small businesses due to the current economic conditions?

What is the outlook for the recession mentioned in the text?