Equity futures point lower for Japan, Hong Kong, and Australia, while inflation pressure persists, driving interest rates higher.
Everyone from property rookies to giant instant online buyers is selling up fast, often at a loss, out of fear that things will only get worse.
Banks have signed contracts for US$13 billion in debt financing, but the two sides need to iron out a final agreement to end the lawsuit.
History is repeating in ironic fashion as the new UK prime minister backtracks in the face of the judgments of financial markets.