Japanese stocks continue to fall after earthquake
Friday, March 18, 2011
The prominent Japanese stock market index fell another 1.4% Thursday, over financial turmoil after the massive 9.0 magnitude earthquake and tsunami hit the country a week ago.
For the past five trading days, stocks have been down by a total of fourteen percent; today, they were down as much as five percent, or 454 points, but rebounded to close at 8,962 points.
US stocks also reacted negatively to the cataclysm; the Standard & Poor's 500 index dropped 1.95% while the Dow Jones Industrial Average lost 2.04%. The British FTSE, however, gained 0.77%, but after a large loss yesterday.
Meanwhile, the Japanese yen reached its highest level ever against the US dollar since the end of World War II, peaking at 76.25 to a dollar before finishing the day at 79.14.
- Ben Rooney. "Tokyo's Nikkei ends 1.4% lower" — , March 17, 2011
- Paul McMillan. "Nikkei 225 falls 1.4% as yen hits record high against the dollar" — , March 17, 2011