Oil slips, stocks rebound after Japan quake

NEW YORK - Japan's massive earthquakeand devastating tsunami hit commodities prices on Friday, butequity investors threw off their initial fears as theyreassessed damage to the world's third-largest economy.

Early in the session markets reeled as television imagesrevealed the destruction in Japan's north east after thecountry's biggest earthquake on record left at least 1,000dead.
But some viewed the market's reaction as having gone toofar too fast, and that a rebuilding of Japan could be good fora wide range of markets.

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