Rogers: Post-quake sell-off presents opportunities

The sell-off in Japanese markets following last week's devastating earthquake represents a buying opportunity, says veteran investor Jim Rogers.

The Nikkei dropped almost 7% on its first full day of trading after the disaster. Rogers, the chairman of Rogers Holdings and one of the world's foremost investors, says that kind of reaction can create an opportunity. He told the Economic Times: "Normally when there is an artificial event like this, it is a terrible tragedy, but also buying opportunity because we assume we are not going to have gigantic earthquakes every year," he says. "It is a question of when you step in to buy." Rogers also says he expects commodity prices to remain resilient despite the events in Japan. ...