NIKKEI	AUSTRALIA	SHANGHAI	HANG SENG

The full scale of the shutdown in debt markets around the world has been laid bare by figures showing that growth in corporate bond markets almost ground to a standstill in the late summer.
Scale of shutdown in debt markets revealed

Bond issuance slumped around the world this summer and the use of derivatives to hedge risk soared as global markets took fright at the credit squeeze, the Bank of International Settlements (BIS) said.
Worldwide appetite for bonds wanes in wake of credit squeeze

Britain's 10bn retail property fund industry is balancing on the edge of a liquidity crisis that could force funds to turn away investors looking to withdraw cash.
Run on property funds as buildings fail to sell

The countrys leading accounting practices are expecting a rush of insolvency work in the new year, amid fears that the credit crisis will dry up the wall of cash that in the past has saved troubled businesses from going bust.
Accountants predict rise in insolvencies

Good morning traders!

In Asia today, the Nikkei was recently down 31.98 points at 15,924.39, while the
Hang Seng reached midway up 95.28 points at 28,937.75.

New York's main oil futures contract, light sweet crude for January delivery, was
49 cents lower at $87.79 per barrel, from $88.28 in New York on Friday.

Happy trading!

G.

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