Monday, 16 July 2007

Japan's Electric Power Stocks May Drop on Earthquake; Oil Stocks May Gain

(Bloomberg) -- Japanese electric power producers and
insurance companies may drop after a magnitude 6.8 earthquake
struck northwest Japan, damaging a nuclear reactor operated by
Tokyo Electric Power Co. The event will probably result in a push
for more spending on quakeproofing, the Nikkei newspaper reported.

Companies with factories in the region that were forced to
halt production may also slip. Sanyo Electric Co. evacuated its
facilities, while auto parts maker Riken Corp.'s main factories
were damaged, the Nikkei reported.


Read more at Bloomberg Stocks News

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