Asia stocks finished lower Thursday, European stocks began the day down, and stock futures in the U.S. indicated the market will open on the downside as global economic concerns continue to worry investors.

Japan's Nikkei 225 Average closed down almost 2% to 12,102.50, while the Hang Seng index in Hong Kong fell a more pronounced 3.4% to 19,317.11. Both indexes closed lower for a third-straight day.

In Europe, the FTSE 100 index in London fell 0.3% to 5,350.90, while the DAX in Germany fell almost 0.5% to 6181.78. Shares of retailer and financial companies were trading lower.

Stock futures in the U.S. were lower after the market closed modestly higher on Wednesday after

Lehman Brothers

(LEH)

outlined plans to bolster its capital levels as it deals with increasing losses related to the credit crisis.

S&P 500

futures were down 6.80 points to 1226.50, and were 7.16 points below fair value. Nasdaq futures were down 13.50 points to 1724.00, and were 24.47 points below fair value.

The dollar rose to the highest level in a year against the euro.

This article was written by a staff member of TheStreet.com.