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Asia stocks drop after nuclear plant attack

Russia has so far only seized one city - Kherson in southern Ukraine

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by The Star

Africa04 March 2022 - 08:35
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In Summary


• A fire at the Zaporizhzhia nuclear power plant, the largest in Europe, has now been extinguished.

• Radiation levels at the power plant are reported to be within a normal range.

Share prices have tumbled in Asia after a fire broke out earlier today at the Zaporizhzhia nuclear power plant in Ukraine, the largest in Europe.

Tokyo and Hong Kong faced the steepest falls, with Japan's benchmark Nikkei index 2.5% lower and the Hang Seng in Hong Kong down by 2.6%.

Oil prices rose in Asia morning trade, with Brent crude above $112 a barrel.

The fire happened after Russia troops shelled the plant.

Ukraine emergency services said initially they were blocked from getting to the scene, but later managed to access the plant and put out the fire.

Some investor concerns were eased after officials said the plant's safety was "secured".

zaporizhzhia nuclear power plant, Ukraine
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