Antinuclear

Uranium mining leads the plunge in Australian resources shares

Uranium miners were among the weakest in the S&P/ASX 200, with Paladin down 4.9 per cent to $3.53…..”There’s no reason to be buying risk assets when you’re told the third-biggest economy in the world has a nuclear crisis potentially as big as Chernobyl.

Nuclear danger poisons bourse: Japan crisis wipes month’s worth of share gains The Australian David Rogers * From: Dow Jones Newswires * April 13, 2011 AUSTRALIA’S sharemarket had its biggest one-day fall in a month yesterday, as Japan’s nuclear crisis worsened, commodity prices fell and BHP Billiton shares reversed after Monday’s buyback-led surge……

“A lot of people put Japan out of their mind, but with the government saying it’s as bad as Chernobyl, people have realised this isn’t going away,” said IG Markets strategist Cameron Peacock…….

Uranium miners were among the weakest in the S&P/ASX 200, with Paladin down 4.9 per cent to $3.53…….

A senior trader at a major brokerage said: “Resources and energy stocks were overbought in Australia yesterday and now they are weakest in our market.

“There’s no reason to be buying risk assets when you’re told the third-biggest economy in the world has a nuclear crisis potentially as big as Chernobyl.”

Nuclear danger poisons bourse: Japan crisis wipes month’s worth of share gains | The Australian

April 13, 2011 - Posted by Christina Macpherson | AUSTRALIA - NATIONAL, business, uranium