Nikkei tumbles to 2-1/2-month low as Fed continues taper

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Reuters TOKYO
Last Updated : Jan 30 2014 | 2:18 PM IST

TOKYO (Reuters) - Japan's Nikkei share average tumbled on Thursday, at one point hitting a 2-1/2-month intraday low, as the U.S. Federal Reserve continued to scale back stimulus despite emerging market turmoil.

A rise in the yen also soured overall sentiment.

The Nikkei closed 2.5 percent lower at 15,007.06 after falling to as far as 14,853.83, the lowest since November 14.

The index's support is seen at 14,731.17, a 61.8 retracement from an October low to a December high.

The broader Topix dropped 2.6 percent to 1,224.09.

(Editing by Kim Coghill)

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First Published: Jan 30 2014 | 2:04 PM IST

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