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By men good morning and good morning to you too so yep we are trying to get the bottom of what's happening in Japan -- -- the market -- a violent reaction here in the US.
Japanese market opened way lore came off the lows.
And now things are looking better.
For our socks today we'll get all that -- the second the Japanese military helicopters are dumping water on to those troubled nuclear reactors said today they're trying to prevent.
The uranium fuel from overheating which could release more radiation.
The question is how much success are they having -- for the very latest let's go to Tokyo now as you look at some of the video those water drops and welcome in Fox Business network's Adam Shapiro and any information on how things are going up their -- -- -- Well that Japanese that self defense force the military has been dumping water from those helicopters roughly 2000 down -- the time but there's really not having too much of an effect and -- also moving into position of water and in the cut -- -- -- -- -- police forces worldwide used.
For crowd control bits according to the chief cabinet secretary Yukio at -- and be there also saying.
That that the situation is you know it's not that -- growing out of control but that Pepco that electric power company is still tried to provide electricity.
To the facility so that they can restart the water cooling.
In these pools of spent fuel -- -- not talking about the reactors anymore we're talking about the pool where -- who restored the used fuel rods.
And if the cooling water totally evaporate as the head of the Nuclear Regulatory Commission in the United States is that.
The -- continue to heat up to the point where they can catch fire and then in the smoke that's -- in the fire.
Would have radio had an -- of particles that would be very vigorous -- -- -- from the NRC actually they had.
Bet that the US believes radiation levels are extremely high at the Fukushima plant but as you leave the area they drop very quickly and Tokyo hundred -- Sixty miles south there is no immediate concern as far as.
You know you don't -- people panicked you know -- people worried.
But people are cautious and aware that -- that situation north of them.
That is not very good on -- All right Adam Shapiro there live from Tokyo and now shifting to the market reaction.
To all of this let's -- Katie sergeant who covers the Asian markets for Fox Business out of Singapore and the one thing in particular in Japan -- that we saw today was a big drop at the open but not down as much at the end of the day.
That's right it was another it was a pretty volatile -- in Japan.
The DK would could confide in Japan.
Don't let it for the first -- you -- see right at the open.
-- -- recovered from the that it ended the day down at one point 4% even at one point got the point of almost breaking through into positive territory.
But it did -- the the data at one point -- put that.
The end that the big very independent Japanese currency keeping a record high trading -- -- 78.
To the dollar lab tech it was -- it is -- -- that the dollar.
But how to -- it -- only compound any economic problems they're facing there in Japan a lot of traders do expect the Japanese government to intervene.
Most actively traded stock Tokyo electric power company which operate that nuclear plant -- shares were down 13% today.
That -- since Friday they had dropped more than 62%.
Elsewhere in South Korea the populate it flat today -- was that not much movement.
Hang Seng in Hong Kong we didn't really see any attempt to rally there the market traded at a pretty narrow.
But negative bands today it is finished the data out one point eight per applicant -- -- among the decliners.
But here there is that the decline in the on demand from Japan that's likely given what they're going there right now Shanghai composite down one point 1% Connell.
All right Katie sergeant -- forests in not Singapore let's check the rest of the markets here for you ending you know the trend for the last few hours and Katie was touching on this -- actually been -- in the Asian session and then into the European and US.
It's -- session.
To move higher -- to bounce back off the lows in Europe this morning major stock averages are up bouncing back by -- seven tenths of 1% in London up in Paris and Frankfurt as well.
You'll see a similar pattern our stock index futures after the Dow.
Was down by 242 points yesterday of 63 points this morning not Imus -- the morning starts right.
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