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.

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