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View Full Version : Money NIKKEI stock market crash...


teedubya
03-14-2011, 11:09 PM
http://e.nikkei.com/e/app/fr/market/nikkeiindex.aspx

http://img163.imageshack.us/img163/5360/nikkei2b.jpg

Down 14% today... down over 20% since the quake. Unreal. Every second you refresh, it loses more.

jspchief
03-14-2011, 11:15 PM
On the positive side, beachfront property in Japan is more affordable than ever.

teedubya
03-14-2011, 11:17 PM
Regional share markets have dived on fears that radiation will escape from a severely damaged nuclear reactor in Japan.

The Japanese share market's benchmark Nikkei index has slumped 13.6 per cent - the second day in a row of massive declines after a 6.2 per cent slide yesterday.

It is the worst two-day fall since the great stock market crash of October 1987.

Unlike yesterday, the Australian market has followed with a 2.7 per cent slide.

The worst falls on the Australian share market occurred just after 1:00pm (AEDT), soon after Japanese prime minister Naoto Kan tried to allay fears about the danger from the crippled Fukushima nuclear plant.

An explosion at the facility's No. 2 reactor now has authorities assuming the reactor container had been damaged.

Mr Kan told residents within 20km of the reactor to evacuate, and the prevailing winds are heading towards Tokyo, leading to a warning from the French embassy to its citizens in Japan that any nuclear fallout that escapes from the plant could reach Tokyo within 10 hours.

The call for calm from Mr Kan had the opposite effect on share markets, with the All Ordinaries index plummeting from around 4,680 before the comments to 4,582 at 2:47pm.

The ASX 200 was down 132 points to 4,494.

Between the Reserve Bank's rather dovish minutes and the Japanese nuclear fears, the Australian dollar plunged around a cent against the greenback, from 100.94 to 99.88 US cents.

Japan's benchmark Nikkei share index was already down 6.5 per cent at just under 9,000 before trade halted for its normal lunch break, which was before Mr Kan made his comments.

Since lunch ended the Nikkei has capitulated - it was 13.6 per cent down for the day at 8,308 by 3:03pm, and falling further by the minute.

Hong Kong's Hang Seng was 4.1 per cent lower at 22,399.

teedubya
03-14-2011, 11:27 PM
TOKYO (Dow Jones)--The BOJ said Tuesday afternoon it will add another Y3 trillion of funds to the money market via a same-day operation.

Now it is starting to rise a bit. That was crazy.

Chocolate Hog
03-14-2011, 11:45 PM
Well..... Yea

Marcellus
03-15-2011, 07:15 AM
What? A country has a 9.0 Earthquake followed by a Sunami and their nuclear power plants are still in danger of melting down and their stock market drops?

Odd.

Over-Head
03-15-2011, 07:26 AM
Me thinks the days of the Jap yen being a major world money market player are about to falter...

Amnorix
03-15-2011, 07:28 AM
Nikkei had a 10% drop at close, after a 6% drop the day before. Futures are down over 200 pts on the Street. Going to be a BAD day.

Marcellus
03-15-2011, 07:31 AM
Me thinks the days of the Jap yen being a major world money market player are about to falter...

I doubt this is worse then WWII and the H-bombs impact (no pun).

Saulbadguy
03-15-2011, 07:56 AM
Gee, who woulda thought?

loochy
03-15-2011, 09:27 AM
Me thinks it's time to buy major stock in some Japanese companies.

Donger
03-15-2011, 09:28 AM
I doubt this is worse then WWII and the H-bombs impact (no pun).

The weapons used on Hiroshima and Nagasaki were not hydrogen bombs.

loochy
03-15-2011, 09:30 AM
The weapons used on Hiroshima and Nagasaki were not hydrogen bombs.

lucky for them

Iowanian
03-15-2011, 09:48 AM
If I had additional disposable funds, I'd be waiting a little bit longer and buying Jap stock.

I'm not a finance expert, but that big of a drop, and the likelihood of Japan making a recovery.....

Marcellus
03-15-2011, 10:22 AM
The weapons used on Hiroshima and Nagasaki were not hydrogen bombs.

A-Bomb, I am so sorry for the mistake. I am sure it completely changed the point of the post.

Donger
03-15-2011, 10:30 AM
A-Bomb, I am so sorry for the mistake. I am sure it completely changed the point of the post.

A hydrogen weapon is still an "A-bomb."

loochy
03-15-2011, 10:33 AM
A hydrogen weapon is still an "A-bomb."

Ok ok what can we call them then? Fission-only atomic weapons?

Bowser
03-15-2011, 10:36 AM
What? A country has a 9.0 Earthquake followed by a Sunami and their nuclear power plants are still in danger of melting down and their stock market drops?

Odd.

Frankly, I'm floored by this turn of events.

Donger
03-15-2011, 10:37 AM
Ok ok what can we call them then? Fission-only atomic weapons?

That's a technically-accurate description of the two weapons used at Hiroshima and Nagasaki, yes. Of course, Little Boy used uranium for the fission reaction utilizing a gun barrel method and Fat Man was an implosion device that utilized plutonium. They never even live-tested the gun barrel method. They just used presumed that it would work based on the physics and math.

L.A. Chieffan
03-15-2011, 10:49 AM
why is NIKE's stock dropping so bad?

loochy
03-15-2011, 10:56 AM
why is NIKE's stock dropping so bad?

because the heat have been losing and lebron is a whiny baby

Valiant
03-15-2011, 11:12 AM
They will be alright. They managed to get strong after ww2 and constant godzilla attacks in the 60s they can handle a little earthquake, small tsunami and a reactor melting down.

crispystl420
03-15-2011, 06:21 PM
Me thinks it's time to buy major stock in some Japanese companies.

Think what you want buddy but don't say I didn't tell you so when Godzilla shows up this summer and the Japanese stock market really crashes.

crispystl420
03-15-2011, 06:23 PM
They will be alright. They managed to get strong after ww2 and constant godzilla attacks in the 60s they can handle a little earthquake, small tsunami and a reactor melting down.

Damn I need to read the whole thread before I post.