Around the World's Markets: Tokyo

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The Independent Online
THE NIKKEI INDEX fell below the key 14,000 index yesterday for the first time since early February.

Shares initially gained following falls in the yen - sparked by record Japanese unemployment data. However, unwinding of corporate cross-shareholdings later in the day took the index more than 2 per cent lower. The Nikkei closed at 13,921.06, down 300.69 points.

New official data revealed Japan's jobless rate hit 4.4 per cent in January. The figures sent the dollar back over the 120 yen barrier.