Palm | Kelapa Sawit

DJI-NEW YORK, Oct 22 (Reuters) - The crisis that has stalked U.S. and European financial markets for a year slammed the developing world on Wednesday, knocking stock and commodity prices to multi-year lows and igniting greater fears of a global recession.

The Dow Jones industrial average <.DJI> closed down 514.45 points, or 5.69 percent, at 8,519.21. The Standard & Poor's 500 Index <.SPX> fell 58.27 points, or 6.10 percent, at 896.78. The Nasdaq Composite Index <.IXIC> slid 80.93 points, or 4.77 percent, at 1,615.75.

CBOT-SOYBEANS - November down 49 cents at $8.59 a bushel. Tumbled on mounting signs of global recession as stock markets and crude decline and dollar soars to two-year top.

U.S. Census to release September crush data Thursday.

CBOT-SOYOIL - December down 2.5 at 33.30 cents. Fall daily 2.5-cent limit as crude oil dives.

FCPO-KUALA LUMPUR/JAKARTA, Oct 22 (Reuters) - Malaysian crude palm oil futures prices fell over 5 percent on Wednesday to their lowest level since October 2006 amid a general selloff in commodities, spooked by the prospect of a global recession.

The benchmark January crude palm oil futures contract traded on Bursa Malaysia closed down 5.27 percent at 1,568 ringgit ($442.3) per tonne, having traded as low as 1,542 ringgit.

REGIONAL EQUITIES-SINGAPORE, Oct 22 (Reuters) - Southeast Asian stock markets slid further on Wednesday as investors fretted over poor earnings outlooks.

Singapore <.FTSTI> led the region's losses to fall 5.2 percent to its lowest close since August 2004, while Indonesian shares <.JKSE> slid 4.2 percent on banks to hit a 27-month low.

Thai stocks <.SETI> dropped 2.8 percent lower while Malaysia <.KLSE> shed 1.5 percent. The Philippine index <.PSI> gave up 1.1 percent and Vietnamese shares <.VNI> lost 1.3 percent.