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Dublin: 12°C Tuesday 18 May 2021

Japan earthquake sends bulls and bears running as stocks plummet

Stocks plummeted on Wall Street today after a 7.1 quake stuck off the northern coast of the country.

A trader on the floor of the New York Stock Exchange
A trader on the floor of the New York Stock Exchange
Image: Anonymous/AP/Press Association Images

THE DOW JONES industrial average fell by as many as 96 points this morning after a second big earthquake in as many months hit Japan.

Stocks fell after the 7.1 magnitude quake triggered tsunami warnings along Japan’s devastated northern coast. Japan’s stock market had already closed by the time the earthquake struck.

Investors were rattled by the quake, partly since it struck near the same area as the massive tremor that triggered a devastating tsunami on 11 March. Stock indexes did bounce back after the impact of the quake turned out to be less than initially feared.

Japan is the world’s third largest economy.

- AP

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