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16 killed, 46 injured after earthquake of magnitude 7 strikes Tibet

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Core Development: 16 killed, 46 injured after earthquake of magnitude 7 strikes Tibet
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Market & Financial Impact: Rescue operations continue in Nagqu after the earthquake collapsed at least 339 homes and 20 livestock sheds, disrupted communications and forced railway and highway closures
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Actionable Insight: Monitor price volume action at market open; check key technical support/resistance levels.

The Tibetan plateau is known to be prone to heavy earthquakes as it sits right over the place where the tectonic Eurasian and Indian plates meet, often colliding with huge force

At least 16 people were killed and 65 others injured after a magnitude seven earthquake struck Baqen County of Nagqu City in China's Tibet Autonomous Region, the city's earthquake relief headquarters said.

The powerful earthquake that struck around 10:33 pm on Thursday prompted the regional disaster prevention, reduction and relief committee to activate a Level III emergency response for natural disaster relief on Friday.

Eleven of the injured were in serious condition, while others sustained minor injuries. More than 330 houses collapsed or were damaged.

The damage caused by the quake is being further evaluated, and disaster relief work is underway, state-run Xinhua news agency reported on Friday from provincial capital Lhasa.

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Official Publisher Attribution: This report is aggregated from Business Standard. ZeroLive provides live aggregation, automated sentiment synthesis, and exchange disclosure monitoring for retail market participants.
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