Stocks in Japan plummeted the most in 21 years and saw copper fall in London for a second day.  

The Nikkei 225 index slumped 11 percent. The U.S. needs to accelerate steps to bail out financial institutions to help arrest plunging stock values, Japan’s Prime Minister Taro Aso said in Tokyo. Copper has dropped 27 percent this year.

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China’s economy is taking a break and exports will be impaired by a recession in developed countries.   LME copper stockpiles have increased by 400 tons to 212,025 tons.

The London Metal Exchange index of six metals is down 28 percent this year, heading for the biggest annual drop since at least 2001 after last month’s bankruptcy filing of Lehman Brothers Holdings Inc. and government rescues of banks. UBS AG, Switzerland’s biggest bank, was the latest bailout, getting 6 billion francs ($5.2 billion) of capital from the government.

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