Chinese Shares Surge, While The Nikkei Is Weighed Down By Fukushima News

Overnight, shares on the Shanghai Composite and Hang Seng both rose over 1%, supported by Friday’s strong jobs number in the U.S.

After starting the day out strong, shares in Japan fell back to gain only 0.1%. The worsening situation in Fukushima, where radioactive material is spilling into the ocean and may continue for months, is likely a key factor. TEPCO said on Monday it may dump radioactive water directly into the ocean for lack of storage facilities.

Note the Nikkei’s strong start, then slide off its early gains:

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