Stockmarkets around the world slumped today as fears of a global recession deepened. After Wall Street fell to a five-year low last night, the rout started in Asia, where Singapore slid into recession, and quickly spread to Europe. In London, the FTSE 100 plunged more than 10% in early trading, and the Dow Jones dived nearly 700 points to 7882 shortly after Wall Street opened, a fall of 8%. Both markets later came off their lows, and the FTSE 100 closed almost 9% down and the Dow was seen off almost 2%. WSWS: Wall Street crashes amid mounting signs of global recession. The Guardian: London suffers third biggest fall in 'great crash of 2008'. NewsDissector: Reporting from Paris: Europe Very Apprehensive About The Economic Turmoil. HuffPo: US stocks extend huge losses over credit concerns. TimesOnline: Stocks plummet as G7 ministers talk rescue - Times Online. ICH: "To the Bunkers!": Central banks slash rates in emergency "midnight" meeting.