CRI听力: Japan Markets Plunge 11 per cent amid Nuclear Crisis & Asia Markets

Japan's Nikkei stock index fellnearly 11 percent as the earthquake-shattered country faces a nuclear crisis.

The benchmark Nikkei 225 stock average sank a staggering 10.6 percent, after hitting a midday low of more than 14 percent down. The broader Topix, meanwhile, lost eight percent. But Japanese investors seem to be hopeful with the local market.

"In the short term, there would be confusions, but I think it will recover in few months."

"I was hoping stocks wouldn't lose value this much, as we are already discouraged by the earthquake."

"I was a little worried with the sharp fall of stock prices, but I think we have the strength to overcome this situation."

The Nikkei's losses has followed a six percent tumble on Monday, the first trading day since the devastating disaster.

Losses in the two days have sent the Nikkei spiralling downward 20 percent since the beginning of the year.

To find out the immediate and future impacts of the disaster in Japan will have on China's economy, early, I spoke with Standard Chartered Economist Nicholas Kwan.