Tokyo stocks plunge in Christmas rout amid fears over US economy

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Nikkei falls 5% as government shutdown in Washington spooks markets

Tokyo stocks plunged on Tuesday as the few Asian markets open on Christmas Day suffered a holiday rout on fears about the US economy and a government shutdown in Washington.

Tokyo markets, which were closed on Monday for a national holiday, plummeted at the open on Tuesday, with the Nikkei down more than 5% – over 1,000 points – shortly before the morning break.

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