Asian markets fell across the board on Friday, following drops in Wall Street on Thursday on renewed concerns about subprime losses.

In Japan the Nikkei fell 2.1 per cent to 16,517.48, its lowest level in a week. Hong Kong shed 3.3 per cent and Taiwan’s Taiex index fell 3.4 percent to 9,273.09. South Korea and Australia both lost about 2 percent.