Asia Bizz: Stock market situation in Japan has worsen and the crisis has deepen even further as the market tumbled by a massive 10% during the commencement of the week. Nikkei 225 fell by more than 1,390 or a direct fall of 14%, highest since it was founded. By the end of the day’s trading session the market had fell face forward by 10.6% biggest loss in history of Japan.
As the market keeps slipping further, the government has decided to flush in 15 trillion yen into the market, in a move to stabilize the economy. The day began when the second explosion took place at the Daichi nuclear plant in Fukushima.
Currently some 2500 people are reported dead during the tsunami and earthquake and many more are still missing. Along with the Japanese market a number of Asian markets too fell by a considerable level. The Hong Kong’s Hang Seng index fell by as much as 3.1% and the Shanghai Composite tumbled by 1.6%.