Brokers said panic selling pulled down the market before bargain hunters emerged, helping the benchmark index trim losses slightly to 1.5% as of 08:35.The yen tumbled against the dollar after a powerful quake struck Japan and triggered a tsumami warning. The yen fell to ¥83.30 against the dollar from ¥82.81 before the quake struck.
Treasuries Rise as Japan Earthquake Spurs Demand for Safety
Ten-year yields declined two basis points to 3.34 percent as of 7:36 a.m. in London, according to BGCantor Market Data. The 3.625 percent note maturing in February 2021 gained 5/32, or $1.56 per $1,000 face amount, to 102 3/8. The note was down 9/32 in early Asian trading. Read More...
Some Japanese plants shut after quake, BOJ promises help
The Bank of Japan, which has been struggling to boost the anaemic economy, said it would do its utmost to ensure financial market stability as air force jets raced toward the northeast coast to determine the extent of the damage from the 8.9 magnitude quake. Read More...
Japan shares tumble, yen falls after massive earthquake
The earthquake led Asian stock markets to fall further with Hong Kong's Hang Seng index tumbling 1.8pc, South Korea's Kospi sliding 1.3pc, Australia's S&P/ASX 200 losing 1.1pc. Read More... For the latest updates PRESS CTR + D or visit Stock Market news Today
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