Tokyo Stocks Dive 3.33% by Break on FedRes Tapering Move!

• Tokyo stocks dive 3.33% by break on Fed stimulus move! 
  by http://www.channelnewsasia.com/news
  TOKYO: Tokyo stocks tumbled more than three percent Thursday, sparked by worries over emerging markets as the Federal Reserve further scaled back its stimulus programme.
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  The benchmark Nikkei-225 index slumped 3.33 per cent, or 511.53 points, to 14,872.38 by the break — wiping out its 2.70 per cent gain Wednesday. The Topix index of all first-section shares fell 3.04 per cent, or 38.15 points, to 1,218.03.
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  “The turmoil in emerging markets does not look like it’s close to dying down,” Yoshihiro Okumura, general manager at Chibagin Asset Management, told Dow Jones Newswires.
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  “While the continuation of the Fed’s tapering programme implies higher US interest rates, a stronger dollar and a weaker yen — all of which are fundamentally positive for Japan stocks — the ‘risk-off’ investor mood and jolt to the world’s growth markets is trumping these facts.”
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  The Fed said Wednesday it would reduce its monetary easing programme by US$10 billion a month to US$65 billion, following a similar move in December.
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  Investors took flight after the announcement, which stoked fears of a capital flight from emerging markets as dealers look for safer investments back home.
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