Tokyo Shares End Day Down 11%
“Asian shares tumbled Tuesday as Tokyo’s stock benchmark plunged 11% on panic selling amid worries that a possible nuclear catastrophe in Japan would further complicate and endanger the nation’s recovery from its worst earthquake on record.
The Nikkei Stock Average finished 11% lower at 8,605.15 after sliding more than 14% earlier in the day, pressured by news of explosions at Tokyo Electric Power Co.’s Fukushima Daiichi nuclear power plant’s No. 2 and No. 4 reactors, on top of previous blasts at the Nos. 1 and 3 reactors.”