Monday, 27 January 2014 - 11:22
Asian shares tumble as emerging market fears return
Asian markets sank today, following the worst losses on Wall Street in seven months, with investors gripped by renewed fears over emerging economies days ahead of a crucial Federal Reserve policy meeting.
Japan's Nikkei, which was the best performer last year, continued its 2014 downtrend as the yen surged against the dollar, while shares in developing countries also suffered selling pressure.
Tokyo tumbled 2.49 per cent by the break, Hong Kong shed 2.37 per cent, Shanghai lost 0.56 per cent and Seoul was 1.70 per cent off.