Monday, July 16, 2007

Japanese Power, Insurance Stocks Drop on Quake Concern; Sumitomo Advances

(Bloomberg) -- Japanese electric power producers and
insurance companies dropped after a magnitude 6.8 earthquake
struck northwest Japan, damaging a nuclear reactor operated by
Tokyo Electric Power Co.

The event will probably result in a push for more spending
on quakeproofing, the Nikkei newspaper reported.


Read more at Bloomberg Stocks News

No comments: