Singapore: Punts on the World Cup rather than on financial instruments will kick into high gear over the next month as bleary-eyed traders in football-mad Asia tune into the tournament in Brazil, a dozen time zones away. (Brazil Ready to Finally Get FIFA World Cup Underway)
Spread-betting on the 64 matches, tournament-related corporate events and the challenging time difference look set to make for subdued trading on several Asian markets, observers said, pointing to a huge drop in volumes during the 2010 South Africa World Cup.
"When they (traders and investors) get involved in following the World Cup, they have no time to monitor the stocks and shares," said Jimmy Ho, president of the Society of Remisiers in Singapore. (Also read: Carnival or chaos? FIFA World Cup poised for kick-off)