8.9 Earthquake in Northeast Japan, Tsunami Warnings in the Pacific

March 11, 2011

Risk avoidance has been reinforced by Japan’s strongest quake in 100 years and the world’s severest in six years.  Hawaii and other Pacific coasts are under a tsunami warning.  Stocks fell sharply, but the yen is higher on view that quake will generate capital repatriations to Japan.  Other concerns weighing on markets are 1) the […] More