Asian Stocks End Lower; Europe Declines

Updated from 3:54 a.m. EST

By Jeremiah Marquez

HONG KONG -- Asian stock markets tumbled Tuesday, with Hong Kong's index down nearly 3%, after relentless fears about the financial system and world economy drove Wall Street to its worst finish in more than a decade.

Every major market shuddered from losses across a range of sectors, from banks to technology firms, exporters and commodities, wiping out solid gains from the previous day. ...