Today's Coming Crisis Movie

Wednesday, March 16, 2011

Japan stock exchange (Nikkei 225) continues to plunge as nuclear fears explode

Stocks in Japan dropped Thursday morning there amid fears of a nuclear crisis following the nation's catastrophic natural disaster.

The Nikkei 225 index, the most prominent measure of stocks traded in Tokyo, dropped 204 points, or 2.3%, a few hours into trading.

The index recovered nearly 6% on Wednesday after plunging a combined 16% during the first two trading days following last week's massive earthquake and tsunami.

Investors remain focused on the effort to cool damaged reactors and prevent a meltdown at the Fukushima Daiichi nuclear power plant, located about 138 miles north of Tokyo.

The head of the U.S. Nuclear Regulatory Commission said Wednesday that spent fuel rods in Unit 4 of the stricken nuclear plant have been exposed, resulting in the emission of "extremely high" levels of radiation. (read more)