- Japanese shares (DXJ) drop 4% and lead Asian stocks lower after two Fed policy makers, including the dovish Charles Evans, said the U.S. central bank could start tapering as early as next month.
- The remarks sent the dollar lower against the yen, which in turn helped drag down the Nikkei. The USD-JPY (FXY) is now -0.8% at ¥96.98.
- Other Asian bourses were also hit, with Hong Kong -1.5%, China -0.7% and India -0.1%.
Fed tapering remarks spark rout in Japanese shares
Aug 7 2013, 05:03 ET