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The Nikkei Is Plunging

Mamta BadkarJan 30, 2014, 07:06 IST

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The Nikkei is plunging, and is down 3.3% to a new 2.5-month low.

This comes after the Fed announced that it would taper its asset purchase program by another $10 billion a month, to $65 billion.

This saw the yen strengthen against the greenback.

But it isn't just the Nikkei that's struggling.

Australia's S&P/ASX 200 is down 0.9%

Hong Kong's Hang Seng is down 1.4%.