15 Mar '11, 9am

Blasts, fire escalate Japan's nuclear crisis

Blasts, fire escalate Japan's nuclear crisis

SENDAI, Japan - Explosions and fire rocked a quake-stricken nuclear plant in Japan Tuesday, pumping out dangerous radiation and sparking a rout on the stock market and panic buying in supermarkets. Tokyo stocks, which were punished Monday and sent indexes around the world sliding, plummeted another 14 percent on Tuesday before paring some losses and ending 10.55 percent down. In towns and cities fearful citizens stripped supermarket shelves, prompting the government to warn against panic-buying, saying this could hurt the provision of relief supplies to quake-hit areas. But scared Tokyo residents filled outbound trains and rushed to shops to stock up on food, water, face masks and emergency supplies amid heightening fears of radiation headed their way. Radiation levels around the Fukushima No.1 plant on the eastern coast had "risen considerably", Prime Minister Naoto Kan s...

Full article: http://www.channelnewsasia.com/stories/afp_asiapacific/vi...

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