World Markets Fall After Obama Proposes Tighter Regulations for Banks

Stock market indexes dropped sharply around the world Friday, following U.S. President Barack Obama's proposals to tighten regulation of the nation's largest banks and financial firms.

Japan's Nikkei index lost more than 2.5 percent by the close of Friday's trading, while markets in Manila, Shanghai, Sydney and Taiwan were off by one percent or more.Key European stock markets were down between one and two percent, while U.S. stocks were off by as much as nine-tenths of a percent in Friday's trading.

In a speech Thursday, Mr. Obama proposed limits on the size of banks and curbs on the kind of risks they can take.The president said without reforms, the "reckless risks" that brought on the financial crisis could bring another economic disaster.
全球各地股市星期五大幅下挫，之前美国总统奥巴马提议对大型银行和金融机构实行更严格的监管。

日本日经指数星期五收盘下跌2.5%以上。马尼拉、上海、悉尼和台湾的股市也下挫1%或更多。欧洲主要股市下跌1%到2%，美国股市星期五上午下跌0.9%。

美国总统奥巴马星期四发表讲话，提议限制银行的规模及其风险类型。总统说，如果不进行改革，导致上次金融危机的银行“不计后果地冒险”，可能会带来另一场经济灾难。