Around the World's Markets: Tokyo

TOKYO STOCKS suffered a mild but broad defeat on Tuesday after another round of pre-holiday selling bruised shares in information-technology firms along with older, more traditional industries. The Nikkei fell 39.53 points or 0.22 per cent to 18,165.55.

Traders said market players showed little reaction to another record- setting close on the US Nasdaq, closing positions in high-tech stocks in an effort to spend their holidays without Y2K anxieties.