The massive 8.9 scale earthquake in Japan has triggered off tsunami warnings in at least 20 countries of the world, including the USA. The tsunami with 10 meters high waves has already hit the Japan coast, killing many people.
Only unpleasant news is coming out from New Zealand as the rescue continues for survivors from the city of Christchurch. Even though the rescuers are attempting hard to find survivors, the violent aftershocks are making their work quite tougher.
Raising anxieties due to the sluggish growth in the US as well as Chinese economies, the ever-worsening sovereign debt catastrophe in the Eurozone, in addition to the S&P’s US credit rating downgrade Friday are all placing much of the worldwide investors’ community into a situation which was never experienced before.
