Nikkei tumbles to 7-week low on Fed uncertainty, emerging mkt fears

Tue Aug 20, 2013 7:23am BST
TOKYO, Aug 20 (Reuters) - Japan's Nikkei average tumbled on
Tuesday as concerns about the U.S. Federal Reserve's plans to
reduce its stimulus hammered companies heavily exposed to
emerging markets such as Suzuki Motor Corp and Hino
Motors Corp.

The benchmark Nikkei fell 2.6 percent to 13,396.38,
the biggest drop in two weeks, with traders citing an unwinding
of hedge funds' cash positions in emerging markets as well as
other risky assets such as Nikkei futures. The index touched
13,383.18, the lowest since June 28.

The broader Topix shed 2.1 percent to 1,125.27.

German PPI m/m -0.1% 0.2% 0.0%

Morning All.

FTSE 100 remains firmly lower at midday but well off lows

CAD Wholesale Sales m/m -2.8% -0.5% 2.3%

FTSE100 pares losses to end the session just slightly lower