Friday, March 18, 2011
The prominent JapaneseNikkei 225 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.
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This page is archived, and is no longer publicly editable.
Articles presented on Wikinews reflect the specific time at which they were written and published, and do not attempt to encompass events or knowledge which occur or become known after their publication.
Please note that due to our archival policy, we will not alter or update the content of articles that are archived, but will only accept requests to make grammatical and formatting corrections.
Note that some listed sources or external links may no longer be available online due to age.
