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Stocks down after Japan quake

Mar 11 2011 09:17 Reuters and Sapa

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Hong Kong - Hong Kong stocks slipped 1.8% in early afternoon trade as the Japanese market fell following a strong earthquake off Japan's northeast coast.

Brokers said panic selling pulled down the market before bargain hunters emerged, helping the benchmark index trim losses slightly to 1.5% as of 08:35.

The yen tumbled against the dollar after a powerful quake struck Japan and triggered a tsumami warning.

The yen fell to ¥83.30 against the dollar from ¥82.81 before the quake struck.

japan  |  markets  |  yen

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