On Monday 21 March 2011, 9:11 AM
DAEGU, South Korea (Reuters) - 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.
(Reporting by Hyunjoo Jin; Editing by Jonathan Hopfner)
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