Excerpt from: Stock Indices CFDs and Spread Bets
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| September 04, 2008 | | Spread bets and CFDs on Japanese stocks | Spread betting and contracts for differences on Japanese stock indices should consider that they are falling rather dramatically right. The stock market is at a five-month low, and there does not appear to be a lot of hope for a recovery soon.
Exports are especially hard hit, since the people that usually buy what Japanese companies make are in countries experiencing economic slowdowns.
Forbes reports on the situation with Japanese stocks:
Big losers of the day included trading houses and marine transport
issues, which are being weighed down by spreading slowdowns in
developing countries, said Naoki Fujiwara, a fund manager at Shinkin
Asset Management in Tokyo.
"The situation (for Japanese stocks) looks difficult," Fujiwara said. | | |
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