As the nation was learning to cope up with the inflated oil prices, another catastrophic earthquake of magnitude 8.9 struck Japan on Friday. The amount of damage to both human as well as infrastructure is still unaccounted, but there are lies a fact that the world’s third largest economy will take its due course of time before it recovers from the major loss.
In the wake of rising concern, most of the nuclear plants were shut and nuclear emergency was declared by the government. As per experts, Japan cannot bear the loss of closing down the nuclear plants for long. There were apparent reposts that some of the petro chemical plants suffered major loss as they caught fire, amid this disaster.
Responding to the brewing concern over the potential impact of such events on the global market, Thomas Villalta, Portfolio Manager for Jones Villalta Asset Management in Austin, Texas claims that investors have to adopt ‘wait and watch’ strategy to reach any decision. source topnews.net.nz ... For the latest updates PRESS CTR + D or visit Stock Market news Today
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