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Jakarta - Global stocks fell following the second earthquake in Japan on Thursday night. 7.4-scale earthquake and tsunami warning made investors again worried.
Still, Wall Street managed to hold thanks to the weakness of retail sales report for better and weekly employment data which encourage optimism for economic recovery.
In trading Thursday (07/04/2011), the Dow Jones industrial average (DJIA) closed down 17.26 points (0.14%) to the level 12409.49. The broader Standard & Poor's 500 index also fell 2.03 points (0.15%) to a level of 1333.51 and the Nasdaq fell 3.68 points (0.13%) to a level of 2796.14.
European markets also recorded fell 0.2%, although in early trading higher after Portugal had requested assistance of the European Union to overcome the crisis. It raises optimism in the region's debt crisis to an end.
Japan is now a country with strong economy of the world's third largest re-hit by the quake and its economic recovery process is feared could disrupt global economic recovery. Moreover, the quake hit most of Japan's industrial area.
"This makes people think that this probably is not over and this will be a larger scale than expected," said Jack Degan, Harbor Advisory's chief investment officer was quoted as saying by Reuters on Friday (04/08/2011).
Still, Wall Street managed to hold thanks to the weakness of retail sales report for better and weekly employment data which encourage optimism for economic recovery.
In trading Thursday (07/04/2011), the Dow Jones industrial average (DJIA) closed down 17.26 points (0.14%) to the level 12409.49. The broader Standard & Poor's 500 index also fell 2.03 points (0.15%) to a level of 1333.51 and the Nasdaq fell 3.68 points (0.13%) to a level of 2796.14.
European markets also recorded fell 0.2%, although in early trading higher after Portugal had requested assistance of the European Union to overcome the crisis. It raises optimism in the region's debt crisis to an end.
Japan is now a country with strong economy of the world's third largest re-hit by the quake and its economic recovery process is feared could disrupt global economic recovery. Moreover, the quake hit most of Japan's industrial area.
"This makes people think that this probably is not over and this will be a larger scale than expected," said Jack Degan, Harbor Advisory's chief investment officer was quoted as saying by Reuters on Friday (04/08/2011).
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