Around the World's Markets: Tokyo

Monday 04 January 1999 19:02 EST

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THE NIKKEI tumbled over 3 per cent in a shortened first day of trading for 1999 to end at 13,415.89 amid concerns that the yen's stronger tendency against the dollar would hurt Japan's ailing economy.

Traders said worries about volatility in the currency markets as the euro began to trade, and fears that the yen may firm further against the dollar battered stock market sentiment. "There are worries that the yen will rise further against the dollar," said one analyst.

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