Buffett says Japan quake presents buying opportunity

DAEGU: Billionaire investor Warren Buffett said on Monday that Japanese stocks were good investments after the deadly earthquake that hit the world's third-biggest economy last week.

Buffett said the quake was an "enormous blow," but should not prompt selling of Japanese stocks as it presented a "buying opportunity."

He was speaking to reporters during his second visit to South Korea to attend a ground-breaking ceremony for a factory run by a unit of an Israeli firm owned by his Berkshire hathaway Inc.

Japan's Nikkei share average plunged the past week, hit by the country's worst earthquake on record, followed by a tsunami and nuclear crisis. - Reuters