Japanese stocks continue to fall after earthquake
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The prominent Japanese Nikkei 225 stock market index fell another 1.4% Thursday, over financial turmoil after the massive 9.0 magnitude earthquake and tsunami hit the country a week ago. For the past five trading days, stocks have been down by a total of fourteen percent; today, they were down as much as five percent, or 454 points, but rebounded to close at 8,962 points. US stocks also reacted negatively to the cataclysm; the Standard & Poor's 500 index dropped 1.95% while the Dow Jones Industrial Average lost 2.04%. The British FTSE, howeve
The prominent Japanese Nikkei 225 stock market index fell another 1.4% Thursday, over financial turmoil after the massive 9.0 magnitude earthquake and tsunami hit the country a week ago.
For the past five trading days, stocks have been down by a total of fourteen percent; today, they were down as much as five percent, or 454 points, but rebounded to close at 8,962 points.
US stocks also reacted negatively to the cataclysm; the Standard & Poor's 500 index dropped 1.95% while the Dow Jones Industrial Average lost 2.04%. The British FTSE, however, gained 0.77%, but after a large loss yesterday.
Meanwhile, the Japanese yen reached its highest level ever against the US dollar since the end of World War II, peaking at 76.25 to a dollar before finishing the day at 79.14.
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Licensed archive reporting by Wikinews contributors. Text: CC BY 2.5 (https://creativecommons.org/licenses/by/2.5/). Original source date retained. 411 has not independently verified this archive report.
Read the source: Wikinews ↗Source published 18 Mar 2011, 05:30 am IST
