Topix posts worst two-day slide since 1987 crash

Japan's Topix index posted its worst two-day results since the crash of 1987, as shares continued to sink.

Overnight the Topix plunged 9.5%, to 766, as a third explosion rocked Fukushima nuclear power plant, raising fresh radiation fears. The index has now lost 16% over two days, the most since the October 1987 stock market crash, according to Bloomberg. Furthermore, the nation's Nikkei 225 index shed more than 1,000 points, or 10.6%, to 8,605.15 points. At one point, the Nikkei was trading 14% lower, also registering its biggest two-day drop in 40 years. The operator of the Fukushima Daiichi complex said radiation levels around the site immediately after Tuesday's blast were rising ...