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Around the World's Markets

NEW YORK

Thursday 25 February 1999 00:02 GMT
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SHARE PRICES erased early gains to close sharply lower after fears of imminent interest rate hikes emerged following the second part of Federal Reserve Chairman Alan Greenspan's Humphrey- Hawkins testimony.

The Dow Jones index closed near its session lows, down 144.75 or 1.52 per cent at 9,399.67.

The high-technology Nasdaq index fell 36.95 to 2,339.40.

The Standard & Poors 500 index closed down 17.76 at 1,253.42.

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