Excerpt from: Stock Indices CFDs and Spread Bets
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| May 11, 2007 | | Japanese stock indices drop on concerns over the U.S. | Spread betting and contracts for differences should consider that when the U.S. has a slowing economy, it affects stock markets around the world. Japanese stock indices are showing the effects of the U.S. slowing economy. MarketWatch offers information that could help with spread bets and CFDs on Japanese stock indices:
The 225-issue Nikkei Average fell 1% to 17,553.72, while the Topix index shed 0.8% to 1,723.09. Exporter stocks felt the pressure.
"Chain store retails sales figures were lower than expected, sparking
increased concern over U.S. growth. That is why exporters were sold,"
said Hirokazu Yuihama, head of regional strategy for Daiwa Institute of
Research in Hong Kong. | | |
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