Today Japan's Prime Minister Shinzo Abe announced again that they would be restarting shuttered nuclear plants after ensuring their safety as found in this article. This is an absolute necessity due to the financial state the country is in.
As a result of his announcements today power utility stocks dived as listed here:
Tokyo Electric Power Co. JP:9501 -16.31% TKECY +5.93% plunged 16.3%, Tohoku Electric Power Co. JP:9506 -9.02% TEPCY 0.00% slumped 9.1% and Kansai Electric Power Co. JP:9503 -8.82% KAEPY -11.70% plummeted 9.2%.
If this was the market reaction for these companies I suppose we should be waiting for an inevitable and opposite effect for Uranium stocks and we should be seeing an impending rise. I would love to think that this is the beginning of the positive sentiment... followed by restarts just after June which should hopefully give way to a real bull run.
http://www.marketwatch.com/story/australian-korean-stocks-drop-japan-seesaws-2013-06-04?dist=beforebell
reaction to japan's plan
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