Japanese Stocks Rebound
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Following two days of intense selling pressure, Japanese stocks jumped higher Wednesday. The benchmark Nikkei 225 is up 421 points, or 4.9%, to 9,026, although off the day's highs.
On Monday the index fell 6 percent and then another 11 percent on Tuesday after last week's devastating earthquake and the subsequent nuclear crisis.
The situation with the Fukushima Daiichi nuclear plant remains fluid with fires and explosions at various troubled reactors sending potentially dangerous amounts of radiation into the air. At this point the radiation is considered at levels that is not considered a public health risk, although people in close proximity of the plants are very nervous.
The Japanese government continues to advise people within 18.6 miles of the plant to stay indoors. "There is still a very high risk of further radioactive material coming out," Prime Minister Naoto Kan said.
On Monday the index fell 6 percent and then another 11 percent on Tuesday after last week's devastating earthquake and the subsequent nuclear crisis.
The situation with the Fukushima Daiichi nuclear plant remains fluid with fires and explosions at various troubled reactors sending potentially dangerous amounts of radiation into the air. At this point the radiation is considered at levels that is not considered a public health risk, although people in close proximity of the plants are very nervous.
The Japanese government continues to advise people within 18.6 miles of the plant to stay indoors. "There is still a very high risk of further radioactive material coming out," Prime Minister Naoto Kan said.
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