Asia Bizz: The stock market situation in Japan has worsened and the crisis has worsened as the market fell a massive 10% earlier in the week. The Nikkei 225 fell more than 1,390, or a direct drop of 14%, its highest level since its inception. At the end of the day’s trading session, the market was down 10.6%, the biggest loss in Japanese history.
As the market continues to slide, the government has decided to pour 15 trillion yen into the market to help stabilize the economy. The day began with the second explosion at the Daichi nuclear power plant in Fukushima.
Currently around 2,500 people are reported dead during the tsunami and earthquake, and many more are still missing. In addition to the Japanese market, some Asian markets also fell significantly. The Hang Seng Index in Hong Kong fell by as much as 3.1% and the Shanghai Composite by 1.6%.