The Japanese stock market tumbled last night as the Nikkei 225 Index closed lower by more than 10.5 percent to 8605.15. Reports out of Japan have stated that nuclear plants are continuing to leak radiation over various parts of the country. Evacuations are taking place around the country at this time. The Japanese stock market has lost over $700 billion in market value in the past three days.

Good day forex and stock fans! Earlier today I presented my commentary on the recent price action of Shanghai Composite Index (kindly see my previous post here). Now, it’s Japan’s turn to be heard so here it is. On today’s canvas is the daily chart of the Nihon Keizai Shimbun Stock Market Index or the Nikkei 225 Index for short.

he Nikkei and the ASX ticked higher on Monday, led by a rise in basic material consumer services however, mounting concerns emerging from the outbreak of the swine flu weighed on the markets as investors speculate that the pandemic will heighten anxiety across the global spectrum, and could ultimately prolong the road to recovery.