Go Finance Reporting in TOKYO - After experiencing the gain, the stock market in Japan back to weaken because the threat of nuclear crisis.
Nikkei 225 index opened down 4.1 percent to 8,721.88 points. However, this attenuation becomes only gradually thinned down 189.86 points, or 2.09 percent to 8903.
In currency markets, the U.S. dollar fell to a record low against the Japanese yen due to a number of companies selling dollar assets in order to improve eye Japanese yen for earthquake recovery efforts. The latest data shows there are in the position of 78.985 yen per USD.
In fact, the government has made efforts to maintain investor confidence. Japan's central bank has also pumped funds amounting to 26.5 trillion yen, or USD326 billion into money markets and President of the Tokyo Stock Exchange had also asked the public for calm.
"Growing investor uncertainty over the nuclear plant were really scared, promoting them to adjust the position and buy back the yen," said Masatoshi Sato, market analyst at Mizuho Investors Securities Co. Ltd. as quoted by AFP.
"Foreign investors continued to dump stocks on growing worries over a nuclear accident. Also, investors worried that an earthquake and a nuclear disaster would have dented economic growth," he said. (GoFinance)
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