First was Christchurch new zealand then China and now Japan....looks like our mother earth is angry!
Scary...I was in tokyo only 3 days ago. Hopefully everyone is fine!
First was Christchurch new zealand then China and now Japan....looks like our mother earth is angry!
Scary...I was in tokyo only 3 days ago. Hopefully everyone is fine!
Sendai city is flattened by tsunami. Nikkei futures down a further -150 after closed down 1.72% today. Cellphone not working in Tokyo, public transport not working, 4 million homes without electricity. Aftershocks can be felt once in a while.
To continue to monitor Nikkei futures if situation is worse than expected
The earth crust is actually quite fragile. These earthquakes, volcanic eruptions etc might be triggered by lunar or planetary pulls.
http://www.nextearthquake.com/earthq..._forecasts.htm
nikkei futures -185 at 10,061
Last edited by phantom_opera; 11-03-11 at 21:00.
Lucky that it happened today and not this weekend or early next week because school holidays, am sure many of Singaporeans would have made plans to go Japan...
But Dow is quite steady. Nikkei may rebound soon. Afterall the damage is considerably less compared to sichuan's.Originally Posted by phantom_opera
Erm...I think got massive damage and deaths...parts of Sendai area, whole town swept away by the tsunami. Reports of around 300 bodies floating in the waters.
http://www3.nhk.or.jp/daily/english/11_53.html
Also a nuclear plant is in an emergency.
http://www3.nhk.or.jp/daily/english/11_59.html
Actually the crust is floating on the lavaOriginally Posted by hyenergix
Not surprise that the figure could under report to dampen panic selling in the marketOriginally Posted by azeoprop
I believe this disaster will have significant impact to the already struggling japanese economy, and hence asian market in general as well.
nikkei futures down -200 but dow positive, I can only conclude that very positive news is going to emerge soon in US. Japan market will still crash on Monday especially if nuclear leakage is confirmed.
gov will need to come out with extra budget by issuing more bonds which may result in another downgrade
high chance nikkei will go below 10k coming week
why? lost in supply (industries shutdown damaged) or lost in demand (300++people killed)?Originally Posted by azeoprop
obviously billions and years will be needed to repair the damages...Originally Posted by hopeful
Sunday Times has report saying insurance companies will be losing billion$ to claims..., worst is if 1-2 nuclear plants completely melt down, radiation leakage will be catastrophic; tis may have further financial impact..
Token of help from Singapore:
http://www.channelnewsasia.com/stori...116030/1/.html
SINGAPORE: The Singapore Civil Defence Force (SCDF) has sent five search specialists and five search dogs to Japan to assist in the rescue operations following the 8.9-magnitude earthquake which hit northeast Japan on Friday.
You will know the true financial impact when Nikkei opens Monday morning ... it could even open below 10k.
It could even become a blackswan event if the 2 nuclear reactors suffer a complete meltdown, sending radioactive pollutants into Pacific
some insurance cannot claim due to natural disaster..is it true?Originally Posted by land118
Hopefully this will not lead to the next asian financial crisis....
suppose it's true..depend on policy. just like your car insurance policy, not all company cover damage due to flood...like those staying at Tessarina last year...Originally Posted by fiat500
You means the tessarina all risk insurance include flood as well? Usually no rite? What's the premium they are paying?Originally Posted by land118
If apartment on low ground better to include flood so that the owner don't pay thru' nose.
Am quoting example of car insurance...back then ntuc came up saying they are the only one that has cover for flood..., as for housing insurance, better check ....many do not cover calamities...Originally Posted by rattydrama
Insured losses from Japan quake could hit $35 billion
http://sg.finance.yahoo.com/news/Ins...67843.html?x=0
Perhaps, once they come out of this, when they start rebuilding, finally we should see them coming out of recession..., infrastructure and construction activity will go up, boosting economy, but for now, it's gloomy...China will cement themselves as the new Number 2 global economy now....Originally Posted by azeoprop
Nikkei opened below 10k, as expected, let's pray the nuclear reactors do not blow up, it will be complete disaster.
Ride at your own risk !!!
Yah everybody pray that the nuclear plant can be contained...or else really 2012 type of disaster for tokyo....
China sent 15 I think... first time ever in history for them in terms of Jap aid.Originally Posted by land118
在昨日上午的一场新闻发布会上,东京电力公司副社长藤本孝等六名高层人员鞠躬谢罪。当时有记者厉声逼问:“三号机组会不会核心溶解?!”藤本孝回答:“目前尚不清楚。”这一回答让日本媒体相当不满,记者再次大声质询:“把话说清楚了!到底会不会!”“别含混言辞!”最后在没有具体情况说明的情况下,藤本孝回答:“情况是严峻的”。
Ride at your own risk !!!
Nikkei futures -130 at 9,480
Beware of ultimate disaster that a meltdown resulting in radiation to Tokyo city
Ride at your own risk !!!
its' green again. market is oscillating between rumors and news....
for humanity sake, such thing better not happen
Officials are working to prevent such a calamity by injecting seawater and boron into the affected reactors -- even though salt and boron will corrode the reactors, rendering the Daiichi plant inoperable.
"Essentially, they are waving the white flag and saying, 'This plant is done,'" Walsh said. "This is a last-ditch mechanism to try to prevent overheating and to prevent a partial or full meltdown."
Still, some people think a complete meltdown and leak of radioactivity material into surrounding is unlikely. Well, all blackswan events are unlikely ...
Ride at your own risk !!!