15 Mar '11, 8am

Tokyo shares dive as nuclear crisis escalates

Tokyo shares dive as nuclear crisis escalates

TOKYO - Japanese shares dived Tuesday, with TEPCO losing 24 percent, after Prime Minister Naoto Kan warned levels of radiation leaked from one of its nuclear plants hit levels that posed a threat to health. Authorities evacuated non-essential staff from the Fukushima Number One plant while Kan told people up to 10 kilometres (six miles) from the exclusion zone to stay indoors. Shares dived more than 14 percent but rebounded slightly. Corporate giants such as Toyota and Sony were again hit by selling as they have been forced to halt production across Japan while nuclear plant operator TEPCO slumped 24.67 percent, adding to Monday's 23.57 percent loss. 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 n...

Full article: http://www.channelnewsasia.com/stories/afp_asiapacific_bu...

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Tokyo shares plunge over 11% as Japan's nuclear crisis escalates

Tokyo shares plunge over 11% as Japan's nuclear...

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sg.news.yahoo.com 15 Mar '11, 5am

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