World stocks tumble on downbeat US corporate news (AP)

A man walks past a display showing stock prices at a local bank in Hong Kong Tuesday, Nov. 11, 2008. Most Asian stock markets retreated Tuesday after weakness on Wall Street, as concerns about the global economy sapped enthusiasm over China's nearly $600 billion package to boost growth. Hong Kong's Hang Seng Index tumbled 4.77 percent, or 703.73 points, to 14040.90. (AP Photo/Vincent Yu)AP - World stock markets fell sharply Tuesday as further downbeat corporate news in the U.S. reinforced concerns about the world economy.

AP

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