The Nikkei 225 Stock Average dropped 4.4 percent to 9,805.50 at 10:51 a.m
Stocks in Japan extended losses as trading resumed though the worst earthquake on record in the third-biggest economy is unlikely to dent the two-year bull market in global equities.
The Nikkei 225 Stock Average dropped 4.4 percent to 9,805.50 at 10:51 a.m. Tokyo time today. Standard & Poor’s 500 Index futures expiring in June retreated 0.4 percent. Lost production from the Tohoku region where the quake struck might not be enough to spur a recession, Bank of America Corp. said. The Bank of Japan said it will pump a record 12 trillion yen ($146 billion) into the financial system.
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