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http://www.marketwatch.com/story/radiation-leaks-at-japan-quake-hit-nuclear-plant-2011-03-12 Japan warns of meltdown at quake-hit nuclear reactor TOKYO (MarketWatch) â Japanese nuclear authorities warned that a nuclear reactor could be experiencing a meltdown Saturday, a day after its cooling mechanism was damaged by the countryâs most powerful earthquake in more than a century, according to various media reports in Japan.
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The Japanese PM just said on TV that the explosion did not damage the reactor and there was no leak. Details are hard for me to explain in English but it looks as though we can rest easy for now.
It's so ironic that the markets still rose yesterday. Especially the China Index. I was long in BIDU and only learned of the quake later the day. Friends of mine were in Tokyo yesterday. It was supposed to be their last day before they were heading back for America. They told me they were safe but pretty scared. I hope they're outta there now. Oh, on TV they just said there is no meltdown.