Inside Financial Markets

Several Injured after Massive Blast rocks Busy Chinese Port

A massive blast has been reported in the industrial area in the northeastern Chinese city of Tianjin late on Wednesday. Photos and videos posted on social media showed a huge mushroom cloud lighting up the night sky.


State news agency Xinhua reported that the fire had been brought under control, but that contact had been lost with two firefighters. The agency said that more than 50 people had been admitted to local hospitals with burns and other complaints, though several online media claimed there were hundreds of victims.


The blast had erupted from a shipment of explosives in a key industrial zone in Binhai New Area at about 11:30 pm local time (3:30 pm GMT), state broadcaster China Central Television said. The initial blast set off a chain of explosions in nearby industrial sites.

Images released by state media showed evacuated people running in the streets. The blast wave shattered windows in some residential areas, witnesses say.

“All of a sudden there was a flash of big red light, and a big sound. And 10 seconds afterwards, there was a big wave,” the South China Morning Post cited one online user. Tianjin is a major port city southeast of Beijing with population of more than 7.5 million people.

BREAKING: Massive explosion in #Tianjin, multiple injuries reported (Pics via @MSimonTV)

— RT (@RT_com) August 12, 2015

Baqar Hussain

A Wannabe CFO, just had stepped in the corporate sector, willing to explore every aspect here and learn as mush as i can, awareness for those who dont, get the info where ever possible and stay up to date always.

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Inside Financial Markets was a joint publication of Pakistan Stock Exchange (PSX)and Society of Technical Analysts Pakistan (STAP)