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SHOTLIST Hong Kong 1. Wide of Hong Kong Stock Exchange trading floor 2. Mid of dealers on trading floor 3. Trading board showing stock prices 4. Dealer working 5. SOUNDBITE (English), Lun Sheung-nim Francis, General Manager of Fulbright Securities Ltd, "I think it's really a correction more than anything else, and we don't expect a crash to happen. The market is extraordinarily calm. There has been no panic selling and so I believe the market is falling in orderly fashion. And once the credit crisis blows over, I expect the market to recover again." 6. Cutaway of Lun checking stock market on computer 7. Screen showing indices on Hong Kong stock market 8. Screen showing Hang Seng Index drops 886.05 points to 28,822.88 points 9. Screen showing trading stock and indices Tokyo, Japan 10. Various of Tokyo Stock Exchange, traders 11. Various of boards displaying financial data 12. Wide of exchange STORYLINE: Asian markets fell on Thursday after Wall Street posted its second big drop in a week as investors worried about spreading fallout from the global credit crisis. Hong Kong's Hang Seng Index was down 3.7 percent at 28,623.5. Japan's Nikkei 225 index,, meanwhile, fell as much as 2.9 percent as trade resumed in Tokyo during the afternoon session. Asian investors pay close attention to the US economy as it is a vital export market. Major indices fell across the Asia Pacific, with shares falling in Australia, China, Indonesia, the Philippines, South Korea and Taiwan. Some analysts warned that markets could fall further. Lun Sheung-nim Francis, the General Manager of Fulbright Securities Ltd, predicted the market would continue to fall until the end of this week. "I think it's really a correction more than anything else, and we don't expect a crash to happen. The market is extraordinarily calm. There has been no panic selling and so I believe the market is falling in orderly fashion. And once the credit crisis blows over, I expect the market to recover again," he said. A passel of worries tormented investors in the US on Wednesday, including a swooning dollar, record high oil prices and a record loss from General Motors Corp. on an accounting adjustment. The Dow Jones Industrial Average tumbled 360.92, or 2.64 percent, to 13,300.02 overnight. It was the third time in a month the US blue chip index has dropped by more than 350 points. Global investors are still concerned that the full extent of the fallout from the credit market crisis, which has led to billions of US dollars in losses for major banks and investment firms, is not yet known. Citigroup Inc. said Sunday it needed to take an additional 8 billion to 11 billion US dollars in writedowns, keeping investors uneasy about stocks and the world economy. That anxiety spilled over to Japan, where traders dumped real estate and financial shares. Daiwa House fell 3.1 percent to 1,380 yen, and Sumitomo Mitsui Financial Group shed 3.5 percent to 792,000 by the end of the morning session. Exporters were also lower on the yen's strength against the dollar, which erodes their overseas revenues when repatriated to Japan. Toyota Motor fell 3.4 percent to 6,220 yen. Sony shed 3.1 percent to 5,350 yen. In currencies, the dollar was trading at 112.82 yen at 1:50 p.m. (0450 GMT) on Thursday, down from 112.88 yen late Wednesday in New York. The euro fell to 1.4663 US dollars from 1.4730 US dollars. Oil prices, meanwhile, fell back on Thursday after rising above 98 US dollars a barrel on Wednesday. Light, sweet crude for December delivery lost 76 cents to 95.61 US dollars a barrel in Asian electronic trading on the New York Mercantile Exchange. You can license this story through AP Archive: http://www.aparchive.com/metadata/youtube/f39523e77b3b2eab356c950db2befca8 Find out more about AP Archive: http://www.aparchive.com/HowWeWork