Here's more from Business Week:
Asian stock markets sank Monday, battered by weak Chinese trade and a reduced estimate for Japan's economic growth. European markets were mostly higher. Shares in Malaysia Airlines tumbled on news of the weekend disappearance of one its jets en route to Beijing. Japan's Nikkei 225 closed down 1 percent at 15,120.14 and China's Shanghai Composite plunged 2.9 percent to 1,999.06. Hong Kong's Hang Seng dropped 1.8 percent to 22,264.93.