Asian stock markets sink amid fears of global banking crisis

Markets in Hong Kong, Tokyo and Sydney declined, while in Shanghai, stocks edged up.

Asian stock markets fell on Monday after Swiss authorities arranged the takeover of troubled Credit Suisse amid fears of a global banking crisis (Eugene Hoshiko/AP)

By Joe McDonald, Associated Press

Asian stock markets fell on Monday after Swiss authorities arranged the takeover of troubled Credit Suisse amid fears of a global banking crisis.