Equity Prices Slump In London Trading, Increase in Tokyo --- A Wall Street Journal News Roundup
Share prices slumped on the London Stock Exchange Wednesday, in response to high interest rates in the U.S. and a stronger dollar.</br></br>The Financial Times industrial share index fell 17.3 points, to 814.9, with major oil issues among the losers. A broker said investors also were reacting to news of an improvement in the U.S. output of goods and services.</br></br>In Tokyo, the Nikkei Dow Jones average rose 39.88 points, to 10237.22, in steady trading. The stock exchange's index rose 3.64 points, to 783.79.</br></br>Analysts said shares of asset-rich concerns, such as Nippon Express Co., Toei Co. and Sapporo Breweries Ltd., did well. Investors also began to show more interest in blue chips than previously, though one broker said the apparent shift could be sustained only by a continued rally in New York.</br></br>The gold mines index fell 2.7 points, to 653.3. en