Around the World's Markets: Tokyo

Thursday 07 January 1999 00:02 GMT

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SHARE PRICES in Tokyo rose for the first time in 1999 after the yen's recent rise levelled out and bond prices also stabilised. The Nikkei ended the day 235.72 points or 1.78 per cent higher at 13,468.46.

Motor stocks continued to climb. Honda gained 150 to 3,660 yen and Nissan 22 to 356 yen as speculation concerning takeovers continued, although both companies denied involvement. Bank stocks also recovered, but blue chips eased, reflecting selling by foreign investors.

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