Chile counts cost of earthquake

Chile has begun to count the cost of its deadly 8.8 magnitude earthquake as nations around the Pacific eased their fears of a devastating tsunami.

The coastal town of Iloca has been left heavily damaged by the quake. Amateur footage captures the moment the tsunami hit the coastal town of Dichato.

The quake, on Saturday morning, killed at least 700 people - 90% of them in their homes. It is feared the damage may cost tens of billions of dollars.