Tokyo Shares End Day Down 11% - WSJ.com: "SINGAPORE—Tokyo shares led Asia stock markets lower, with the main index dropping 11% amid widespread worries about the possibility of a nuclear catastrophe.
Japanese stocks fell sharply, pressured by news of another explosion at the Fukushima Daiichi nuclear power plant, this time at its No. 4 reactor. This was shortly after radiation levels rose sharply as the No. 2 reactor suffered an explosion following damage to its suppression pool. Japan's prime minister Naoto Kan said there's a high risk of elevated levels of radiation from the crippled reactors, and urged people within 30 kilometers of the plant to stay indoors.
'What the world is watching right now is whether Tepco's Fukushima nuclear power plant is going to turn into Chernobyl,' said Norihiro Fujito, senior investment strategist at Mitsubishi UFJ Morgan Stanley Securities."
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