Worth keeping an eye on

There is a lot of Japanese money in Formula 1 and that means that when there are shocks on the Nikkei, the Japanese stock exchange, it is wise for Formula 1 to keep an eye on what is happening. Yesterday, for the first time in its history, the Nikkei closed early to head off heavy selling following allegations of fraud at the Internet firm Livedoor. There was a similar selling spree in America a few years ago when it was revealed that there were accounting problems at Enron. The Nikkei closed 20 minutes early down nearly three percent for the day. The share slump also hit the value of the yen, which dropped against the dollar.

Follow grandprixdotcom on Twitter

Print News Story