Excerpt from: Stock Indices CFDs and Spread Bets
|
 |
| January 05, 2007 | | Yen's gain triggers stock market drop in Japan | Japan's stock indices, the Nikkei and the Topix, are both struggling as the Japanese yen gains in forex trading. Spread bets and CFDs should take into account the falling stock indices in Japan, as well as throughout Asia. Bloomberg has information that could be useful to spread betting and contracts for differences regarding Japanese stocks:
Japanese stocks declined for the
first time in six days, paced by Toyota Motor Corp. and Canon
Inc., on concern export earnings will be curbed after the yen
rose against the dollar and euro.
Commodity-related shares slid, after crude oil plummeted to
an 18-month low and copper and gold fell. Inpex Holdings Inc.
and Mitsubishi Corp. dropped.
``The yen's gain especially against the euro triggered
today's drop among exporter shares,'' said Takeshi Yamaguchi,
who looks after $674 million at Sumitomo Mitsui Asset Management
Co. in Tokyo. ``It will take time for metal and crude prices to
rebound from the current decline, making it difficult to bet on
commodity shares.'' | | |
|
|
