Tuesday, 15 March 2011

Fears of a nuclear disaster


LONDON (SHARECAST) - The blue chip index continues to be hurt by the crisis in Japan as sentiment remains battered by fears of a nuclear disaster. While off its lows for the day so far, the FTSE 100 still remains over 2% under at around 5,640, a level not seen this year.

A third explosion at the Fukushima Daiichi nuclear power plant in Japan has raised concerns of a major radiation leak. People within 30 kilometres of the plant are being told to stay indoors, while a no-fly zone has been set up around the plant to stop the radiation spreading.