Friday, March 11, 2011

Asian Markets Plunge on 8.8 Earthquake in Japan

Asian markets plunged Friday. In Japan the Nikkei 225 Index spiraled down 1.7% to 10,254 and in Hong Kong the Hang Seng Index dropped 1.6% to 23,250. China's Shanghai Composite Index lost 0.8% to close at 2,934.

Japan suffered a massive 8.8 earthquake today at 2:46 pm. It's the strongest earthquake to occur in the past century and the sixth largest recorded since record keeping began in 1900, Dr. Roger Musson of the British Geological Survey told the BBC.


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