Shares plunged more than 14 percent before a slight rebound to close down 10.55 percent, with plant operator TEPCO limit-down at 24.67 percent amid a deluge of sell orders, adding to Monday's 23.57 percent loss.
Oil drops 4.5 percent on Japan, Mideast clashes eyed
Brent crude prices tumbled 4.5 percent on Tuesday, the biggest drop in 13 months, as Japan's escalating nuclear crisis sparked risk aversion across markets, outweighing concerns about turmoil in Bahrain and Libya. Read More...
Tokyo shares dive as nuclear crisis escalates
The Bank of Japan pumped eight trillion yen ($97.8 billion) into the financial system to soothe shaken money markets following a record 15-trillion yen injection Monday. As international concern over Japan's nuclear emergency mounts, Kan said the risk of further releases of radioactive material from the nuclear plant remained "very high." Panicking investors sent the Nikkei index tumbling on news of the escalating nuclear emergency, closing down 1,015.34 points, at 8,605.15. Read More...
Japan crisis reaching worst case scenario
Japan's nuclear crisis is developing according to the worst case scenario, the head of Russia's state nuclear corporation said on Wednesday. "Unfortunately, the situation is developing under the worst scenario," Sergei Kiriyenko, who presides over the bulk of the former Soviet Union's military and civilian nuclear facilities, told Reuters.Read More...
Dow Hits Session Lows on Japan Nuclear Fears
As of 1:48 p.m. ET, the Dow Jones Industrial Average was down 201 points, or 1.7%, to 11655, the S&P 500 dropped 21.2 points, or 1.7%, to 1260 and the Nasdaq Composite slipped 40.9 points, or 1.5%, to 2627. The nuclear crisis in Japan continued escalating Wednesday, after a fire broke out at one of Japan's distressed nuclear plants, increasing core temperatures and causing a "partial meltdown," according to U.S. Energy Secretary Steven Chu. Read More... For the latest updates PRESS CTR + D or visit Stock Market news Today
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