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

Japanese Shares Slide on Rising Bond Yields, Abe Consumption Tax Comment

(Bloomberg) -- Japanese stocks slipped, snapping a
six-day rally. Electric power companies and property developers
paced declines after yields on U.S. and Japanese government
bonds climbed, raising borrowing costs for businesses.

Tokyo Electric Power Co. fell the most in four weeks, while
Sumitomo Realty & Development Co. lost 1.5 percent.


Read more at Bloomberg Stocks News