Around the World's Markets: Tokyo

Friday 25 June 1999 00:02 BST

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THE BENCHMARK Nikkei-225 average index finished marginally up but trade remained cautious as investors held fire ahead of next week's US interest rate decision.

The bluechip index closed up 41.57 points or 0.24 per cent at 17,628.32. Traders said the market has factored in a 25 basis-point rise in United States rates but any larger increase could hurt New York stocks and cause a knee-jerk reaction in Tokyo. An analyst said: "There are concerns that any steeper rise in rates may make US stocks volatile."

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