Overnight stock market watch: Dow futures down 314, Nikkei down 14%

[Newsjock]

As of 12:25 a.m. EDT.

Japanese markets still open.

[originalpckelly]

1. 8.4% is significant...

you're probably seeing a lot of value being sucked out of the companies that build nuclear plants. I'd bet, at least.

[onehandle]

2. I predicted a 500 point drop for Monday but it only dropped by 51. The week is young... nt

[OmahaBlueDog]

3. It's panic selling. It has no real reflection on the true state of the economy.

It is safe to say that this will impact Japan's economy for a minimum of five years, and perhaps longer. I said "impact"; that does not mean destroy or wreck.

[Tansy_Gold]

7. The markets haven't "reflected" the true economy for years. n/t

[pinkkillersheep]

9. +1

[WillyT]

4. Yep...

Link: http://finance.yahoo.com/intlindices?e=asia

[Newsjock]

5. Nikkei 225 -970.76 (10.09%)

I'm not familiar with Japanese circuit-breaker market rules.

[Newsjock]

6. Nikkei 225 -1,170.76 (12.17%)

n/t

[Newsjock]

8. Nikkei crashes as nuclear crisis escalates

Source: Financial Times

Tokyo equities plummeted as much as 14 per cent on Tuesday as Japan grappled with the aftermath of Friday’s earthquake and tsunami, and amid an escalating nuclear crisis.

The huge drop in Japan’s markets triggered a wider sell-off across Asia, with all major stock indexes falling more than 2 per cent. Hong Kong’s Hang Seng tumbled almost 4 per cent to 22,428.66.

The Topix index, which fell around 10 per cent on Tuesday following a 7.5 per cent fall on Monday, was suffering its worst two-day loss on record, surpassing the 1987 Asian stock market crash.

The Nikkei 225 dropped over 14 per cent to 8,265.36 by early afternoon, sinking well below the psychologically-important 9,000 point level for the first time since September.


Read more: http://www.ft.com/cms/s/0/106a9bd8-4ea4-11e0-874e-00144feab49a.html

[Jackpine Radical]

10. Kudlow must be in tears...

the economic toll is rising almost as fast as the human toll.