Japanese Stock Indices Drop

Spread betting and contracts for differences on Japanese stock indices should consider that the U.S. economy often affects the Japanese stock market. U.S. housing problems are causing especial problems for Japanese stock indices right now, reports Bloomberg:

Japanese stocks fell for the first time in five days after U.S. home prices slumped by the most in at least six years, sparking concern the worsening housing recession will lead to more losses on mortgage-backed securities.