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03-14-2011, 10:09 PM | |
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NIKKEI stock market crash...
http://e.nikkei.com/e/app/fr/market/nikkeiindex.aspx
Down 14% today... down over 20% since the quake. Unreal. Every second you refresh, it loses more. |
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03-14-2011, 10:15 PM | #2 |
BAMF
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On the positive side, beachfront property in Japan is more affordable than ever.
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Courage is not the absence of fear but rather the judgment that something is more important than fear. The brave may not live forever but the cautious do not live at all. |
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03-14-2011, 10:17 PM | #3 |
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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. |
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03-14-2011, 10:27 PM | #4 |
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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. |
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03-14-2011, 10:45 PM | #5 |
Inmem 2.0
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Well..... Yea
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03-15-2011, 06:15 AM | #6 |
Diablo Negro
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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. |
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03-15-2011, 06:26 AM | #7 |
Boom, Boom , Crash
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Me thinks the days of the Jap yen being a major world money market player are about to falter...
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...Illegitimus non Carborundum est... |
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03-15-2011, 06:28 AM | #8 |
In BB I trust
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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.
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"I love signature blocks on the Internet. I get to put whatever the hell I want in quotes, pick a pretend author, and bang, it's like he really said it." George Washington |
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03-15-2011, 06:31 AM | #9 |
Diablo Negro
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03-15-2011, 06:56 AM | #10 |
When a nightmare becomes real
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Gee, who woulda thought?
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03-15-2011, 08:27 AM | #11 |
Hey Loochy, I'm hooome!
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Me thinks it's time to buy major stock in some Japanese companies.
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Hey Loochy, I'm hoooome! |
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03-15-2011, 08:28 AM | #12 |
"Think BOOM!"
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VARSITY
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The weapons used on Hiroshima and Nagasaki were not hydrogen bombs.
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I think the young people enjoy it when I "get down," verbally, don't you? |
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03-15-2011, 08:30 AM | #13 |
Hey Loochy, I'm hooome!
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lucky for them
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Hey Loochy, I'm hoooome! |
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03-15-2011, 08:48 AM | #14 |
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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..... |
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03-15-2011, 09:22 AM | #15 |
Diablo Negro
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