Japan disaster could unleash second wave of crisis

The explosions at Japan’s Fukushima nuclear plant sent stocks plummeting on Japanese stock exchanges. The Nikkei and TOPIX indexes fell 10.55% and 9.47%, respectively. Pessimism is spreading across the world, with key indexes in China falling by 1.4-2.4 percentage points and the Russian market dipping 2.5% by noon on March 15. One could chalk this […]