March 15, 2011
World stocks hit 2-1/2 month lows on Tuesday and oil fell and the yen surged after reports of rising radiation near Tokyo triggered a 10 percent fall in Japanese stocks, hurting risky assets across the board.
US stock index futures indicated a sharply lower open for Wall Street, with the Dow seen plunging more than 250 points.
German government bonds and the low-yielding dollar were the biggest beneficiaries of increased risk aversion while a measure of European equity volatility surged to an 8-1/2 month high.
Tokyo stocks fell 14 percent at one point before posting their worst two-day losing streak since 1987 after Japan said the risk of nuclear contamination was rising.
This article was posted: Tuesday, March 15, 2011 at 5:07 am