Excerpt from: Stock Indices CFDs and Spread Bets
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| February 28, 2007 | | Nikkei 225 and Topix plunge | Spread bets and CFDs on Japanese stock indices should short, along with shorting the majority of stock indices in the world. A worldwide stock rout is still in effect today, and the Nikkei 225 and the Topix are feeling it. Bloomberg reports on stock indices:
``U.S. markets dropped mainly because of China, but
additionally because of some local news,'' said Hiroyoshi
Nakagawa, who helps manage about $1 billion in Asian equities at
Societe Generale Asset Management Co. in Tokyo. ``Japan's market
is reacting to the U.S. move.''
The Nikkei 225 Stock Average tumbled 515.80, or 2.9 percent,
to 17,604.12 in Tokyo. The broader Topix index fell 58.59, or 3.2
percent, to 1752.74. Both gauges had the biggest drop since June
13, 2006. The value of shares traded on the first section of the
Tokyo Stock Exchange climbed to 4.82 trillion yen ($40.7 billion),
a record. | | |
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