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Markets

Japanese stocks plunge following Wall Street rout

Nikkei at 20-month low; Shanghai, Taiwan shares down on global economy fears

The Nikkei Stock Average gave up more than 1,000 points on Tuesday to close at its lowest in 20 months. (Photo by Wataru Ito)

TOKYO -- Tokyo stocks plunged Tuesday, sending the benchmark Nikkei Stock Average sliding more than 1,000 points to its lowest finish in 20 months, as U.S. policy chaos sharpens investor concerns over the health of the global economy.

Other Asian markets that were open on Christmas Day also met with selling, but losses were more modest. The Shanghai Composite Index finished down 0.9% while in Taiwan, the benchmark Taiex index closed down 1.2%.

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