The Nikkei 225 (NKY) Stock Average fell for the third time this week and the yen extended gains versus the dollar after reaching a post-World War II high amid growing risks of radiation leaks from Japan’s crippled nuclear plants.
The United Nations’ nuclear agency will hold an emergency meeting to discuss the crisis at the crippled Fukushima Dai-Ichi nuclear power plant.
Sony, the world’s largest exporter of consumer electronics, declined 4 percent and Asahi Breweries declined 3.9 percent. The Nikkei 225 yesterday climbed 5.7 percent as it rebounded from two-day, 16 percent plunge.
All the water in one of the power plant’s spent-fuel cooling pools has drained and radiation levels are “extremely high,” Gregory Jaczko, the head of the U.S. Nuclear Regulatory Commission, told lawmakers in Washington. Japanese officials denied that the water from the cooling pools was gone, the Associated Press reported.
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