Telegraph UK confirms an AFP agency report that an explosion blasting white smoke into the air was heard today at a power plant placed under an ’emergency’ situation by the Japanese government in the wake of the country’s major earthquake. Many workers have been injured and the government has warned that radiation leaks will occur. The reactor is at the Daiichi works which is around 150 miles away from Tokyo.
The explosion is fuelling fears of a major nuclear disaster for the country, especially as one other reactor has also been compromised by the earthquake.
Capital Markets Implications
According to Telegraph Finance, due to worries about the effect on the country’s economy in the aftermath of the earthquake, there has been an acute sell-off in stock markets over Asia. Japan‘s index ended today ended at 1.7pc lower at 10254.40, with South Korea’s Topix and Hong Kong’s Hang Seng showing rapid falls as well. Europe’s bourses were next and Germany’s Dax and France’s CAC 40 followed suit.
- Disaster in Japan (skydancingblog.com)
- In the Wake of Japan’s Earthquake/Tsunami, Nuclear Power Plant Concerns (themoderatevoice.com)
- Serious Issues Reported At Japanese Nuclear Reactors In Wake Of 8.9 Earthquake and Tsunami (treehugger.com)
- Nuclear plant in Japan in radiation leak danger (rt.com)
- Japan earthquake leads to state of emergency at Fukushima nuclear power plant (mirror.co.uk)
- Obama: Japan earthquake was potentially ‘catastrophic’ (nj.com)
- Japan earthquake leads to state of emergency at nuclear power plant (mirror.co.uk)
- Japan declares nuclear emergency as power plants fail (rt.com)
- Japan – Earthquake and potential nuclear “meltdown” (txlady706.wordpress.com)
- Blog – Earthquake Shakes Nuclear Power Plants in Japan (technologyreview.com)
- Fukushima Power Plant Explosion Reported: Did Reactor Explode? (nowpublic.com)
- Japan earthquake forces thousands to evacuate in nuclear plant emergency (guardian.co.uk)