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【Share】Tokyo's Nikkei free falls more than 14 percent
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CNN) -- Japanese stocks plunged more than 14 percent, continuing its free fall Tuesday, as Japan grapples with a crisis at an earthquake-damaged nuclear power plant and the aftermath of last week's earthquake and tsunami. By early afternoon the Nikkei 225 index, the most prominent measure of Tokyo market stocks, dropped 1373 points, or 14.27 percent. That was on top of a 6.2% drop Monday, the first full trading day after the quake. The Tokyo market opened shortly after the owner of the Fukushima Daiichi nuclear power plant in northeastern Japan reported an "explosive impact" at the plant's No. 2 reactor, a day after a hydrogen explosion rocked another reactor. The plant was among the many structures damaged or destroyed by the 9.0-magnitude earthquake and subsequent tsunami. The death toll has risen to 2,475, authorities said, with at least 3,118 people missing. The Kyodo News Agency said that doesn't take into account reports of thousands of bodies in one northeastern prefecture. More than 450,000 people are reported homeless. Other Asian markets were also down markedly in noon trading, a day after modest gains in the face of the Japanese selloff. Hong Kong's Hang Seng index dropped 3.84. U.S. markets were set for a lower open. S&P and Dow futures were lower by 0.6%, while Nasdaq futures were down 0.8%. Check world markets World markets finished generally lower Monday as investors assessed the impact of the Japanese disaster on the global economy. In the United States, the Dow Jones industrial average slid 51 points, or 0.4%. In Europe, Britain's FTSE-100 ended down 0.9%, with France's CAC-40 and Germany's DAX both more than 1% lower. |
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