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Around the World's Markets: Frankfurt

CONCERN ABOUT the action in Kosovo hit stocks in Frankfurt, which gave up early gains to close lower yesterday.

The electronically-traded Xetra DAX finished down 26.01 points, or 0.53 per cent, at 4,841.20. The floor DAX ended down 0.41 per cent at 4,856.84.

BMW led the decliners, dropping almost 3 per cent after it said it hoped to match last year's earnings in 1999 and that deliveries had fallen by 15,000 units in the first three months of the year.