Nuclear ETF Meltdown: Four Funds Rocked By The Japanese Quake

The earthquake that hit northern Japan on Friday thoroughly devastated a significant portion of the Japanese countryside, leaving thousands dead and hundreds of thousands homeless. While the loss of life and property due to the quake and tsunami was catastrophic, the events last week appear to be just the start of the country’s problems as many are growing extremely concerned over a situation brewing at one of the country’s 53 nuclear power reactors. At the Fukushima nuclear power plant, the earthquake and ensuing tsunami set off a chain of events that have made it difficult to cool the uranium off to prevent the reactors from overheating. After trying desperately to flood the reactor with both seawater and boron, a process which has more or less been unsuccessful, authorities are unsure of how to proceed. This failure led to a ‘hydrogen explosion‘ at the plant in question according to the Tokyo [...] Click here to read the original article on ETFdb.com. Related Posts: Earth Day Special: Definitive Guide To Clean Energy ETFs Nuclear Power ETFs: Ready To Surge? Tuesday’s ETF To Watch: Nuclear Energy Fund (NUCL) Three ETFs To Watch This Week: SIL, TLT, NUCL Climate Change Showdown in DC: Energy ETFs in Focus