SEOUL, South Korea (AP) -- Renewed fears of a sagging U.S. economy and its effects on international trade have sent Asian markets plunging.

Investors sold shares following Thursday's 214-point drop on Wall Street.

The main indexes in Japan, Hong Kong, Australia, India and South Korea are all down Friday by two percent or more.

In New York Thursday, the Dow Jones industrial average fell 1.75 percent. The ailing credit market and a spike in home foreclosures intensified concerns about the sagging U.S. economy.

Separately, the Federal Reserve reported that Americans' home debt exceeded their equity for the first time since the central bank began tracking the figures in 1945.

Investors are also bracing for a key U.S. jobs report due Friday. Economists on average are predicting a modest gain in February payrolls, though some expect a decline.