The Asian region was dominated by the financial services and banking services sectors, with Japanese companies being the most traded. Russia and Turkey remained the most traded among the sovereigns, with Kazakhstan coming in third, having replaced Brazil.
In the European region, the telecoms industry was the most dominant CDS sector, including France Telecom, Telecom Italia and Deutsche Telecom. The gas sector made its first appearance, with Moscow-based Gazprom being the most actively traded single name. The banking and financial services sector remained active.