Asia Sags in Choppy Trade on Fed Fears
Published: Thursday, 6 Jun 2013 | 3:05 AM ET
By: Nyshka Chandran | News Assistant, CNBC Asia-Pacific
Asian stocks fell to new lows on Thursday, as sentiment remained vulnerable due to ongoing volatility in Japan's benchmark index, fears of Fed tapering and caution ahead of key central bank meetings in Europe.
The FTSE CNBC Asia 100 index, which tracks the performance of the region's 100 largest companies, fell 1 percent to a fresh 2013 low.
The Nikkei closed below the key 13,000 mark at a two-month low after bouncing between gains and losses, Australia's S&P ASX 200 index lost over 1 percent to hit a four-and-a-half month low and Shanghai stocks fell to a three-week low. South Korean financial markets were shut for a public holiday.
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