Asian liquidity and turnover well down in June

The sharp ups and downs of the football World Cup were reflected in stock markets globally last month, but investors seemed particularly anxious about Asia. Despite a positive macro-level picture and stronger fundamentals than in the West, liquidity and turnover were down across major Asian markets, according to agency broker ITG. Liquidity fell by an average of 15% month-on-month and 5% compared to June 2009, and turnover saw a particularly sharp drop by 26% from May and 23% year-on-…