Share Prices Fall in Europe as Investors Worry About Decline of Dollar Overseas --- A Wall Street Journal News Roundup
Stock prices fell in London and across Europe as the dollar's decline in overseas trading worried investors.</br></br>Concern over the dollar affected early trading Wednesday in Japan. In Tokyo, the Nikkei average of 225 selected stocks stood at 23106.07, down 252.53, at the end of Wednesday's morning session. The Japanese market was closed Tuesday for a national holiday; other Asian markets were generally higher.</br></br>In London, share prices were sharply lower at the close Tuesday as participants remained concerned about the dollar's slide and the implications for U.S. interest rates. The U.S. currency bounced back after European markets closed.</br></br>The Financial Times 30-share index closed 56.6 points lower at 1286.1. Volume was 727 million shares, well above the 462.7 million shares a day earlier. The 100-share index was off 69.8 points at 1653.9.</br></br>Dealers said the market remained nervous all day about a further slide in the dollar. Some investors fear a tumbling dollar will prompt U.S. officials to raise interest rates, which in turn could add to recessionary pressure.