Excerpt from: Stock Indices CFDs and Spread Bets
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| September 05, 2007 | | Spread betting and contracts for differences on Asian stock indices | Subprime and credit market concerns are taking their toll on Asian stock indices as they drop on worries that exports will not do as well in the U.S. as consumers feel an economic crunch. Wariness of the stock market is setting in. Bloomberg reports on the avoidance of Asian stock indices:
``We're all quite wary,'' said Hugh Young, who helps manage
$50 billion at Aberdeen Asset Management Asia Ltd. in Singapore.
``Few people are willing to take positions just yet. I don't
think we've seen the end of the bad news by any means.'' | | |
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