Technology shares are taking the blame for Europe's stock market meltdown Monday which resulted in the second-largest one-day sell-off ever.

Internet stocks were badly hit as shares in Asia collapsed. Shares in Hong Kong fell 1 percent, Singapore and Japan were similarly affected.

Full story to follow

Copyright © 1995-2008 CNET Networks, Inc. All rights reserved
ZDNET is a registered service mark of CNET Networks, Inc. ZDNET Logo is a service mark of CNET Networks, Inc.