The Japanese population panic prevails markets: the Nikkei index fell by over six percent in the red because the free mass distribution of shares. As a measure of calm, the Fed pumped about 350 million euros in the market.
The magnitude of the disaster in Japan shocked the financial world: the Tokyo stock market has been included in the first trading day after earthquake losses. The key Nikkei chart shows the index fell 6.2 percent Monday to close at 9,620 points. A sign of serious: For months, the leading index did not fall below the 10,000 point mark.
In the broader Topix graph shows the loss was as high as 7.5 percent. The index showed that the largest daily loss since the bankruptcy of Lehman Brothers in October 2008. Distributor of panic separate documents. With just under 4.9 billion shares changed so many paper as never before to their owners in the history of the Tokyo Stock Exchange. In particular, the operator of several nuclear reactors damage were affected. Operator actions Tepco even had to be suspended from trading. “Investors sold aggressively because they want to take any risk,” said one adviser. The scope of the selloff was not yet in sight.
In addition to the actions of operators of nuclear power plant, in particular the actions of automakers, electronics manufacturers and oil refineries were sold. Many companies had to stop production due to the devastation in large factories. Remained so in other Toyota plants in Japan, closed graph shows Monday. Production is scheduled according to Kyodo news agency suspended at least until Wednesday. The stock fell nearly eight percent. Honda shows graph paper too close to eight percent in the red. Sony stock chart shows lost more than nine percent. Atsushi Saito, head of the Tokyo Stock Exchange, promised the Japanese securities trading to take place even after the catastrophic events in their country even more.
After the earthquake, the Nikkei had lost last Friday. The least was low, however, by 1.7 percent since the disaster had occurred shortly before closing. Moreover, the measure remains to be seen.
The Bank of Japan announced a drastic emergency measures to calm financial markets. The Bank of Japan (BoJ) pumped more money into the market and is expanding its program because of the earthquake disaster in the Department of Homeland Security. The volume will increase to 40 trillion yen (about 350 million euros) from the previous 35 billion yen, the central bank announced shortly before closing in Tokyo.
Finally, the Bank of Japan has supported the market in May with an injection of cash. At that time wanted to make the debt crisis caused by tensions Greek for reinsurance.
aimed at preventing the relaxation of monetary policy, that the deterioration in business confidence, said Monday. Considered that the central bank maintained its economic outlook. Industrial production is probably due to the earthquake disaster, but to return until further notice.
Unlike Tokyo as the stock market tended to other stock markets in Asia, partly Plus: The Hang Seng index in Hong Kong rose 0.3 percent, South Korea’s Kospi gained 0.8 percent. In Taiwan, he gave courses to 0.6 percent.