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March 18, 2011

The Economist: Japan March 11 Quake Ripples Through Markets.

See "Market Tremors. Excerpt:

The Nikkei 225 index fell 17.5% in the three trading days following the catastrophe, wiping some ¥37 trillion ($458 billion) off equities. This compares unfavourably with market reactions to other disasters. Once the New York Stock Exchange had reopened six days after the September 11th terrorist attacks, the S&P 500 fell by 11.6% over five trading days, but after a further 14 days it had recovered to its pre-disaster level.

Posted by JD Hull at March 18, 2011 02:23 AM


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