World watches Wall St

Press, 9 October 1987, Page 14

World watches Wall St

NZPA New Yeck Wan Street meek prices rimed mixed after an erratic mirim m Wednesday (early yesterday meradag New Zealand ttam) m fnvestsra digested Tatedsyfe reesrd ten. Tke market skewed rigns ,sl steMHHM tat It was straggling to right itsett. The Daw Jsom average tf to ladastrHls edged aa 24$ patois to rime at 2KUC but fans ertanmtarad rises by aearty 2 ta 1 an the New York ewhiagr la Enrage, laveotara kept ttarir cert after the Wall Hull ml Leedaato Ftoanrial Ttam Stsck Fxrkaagf Itotaare index wm sg M pslats ea TWeaday afteraasa aad abed aaattar 4 potato early Widseedsy mtrniag Bat the market raeeverad ta the alternate to fiatak araand Tueaday*b dam at 2ML Loadra brokers arid the UritM Kiagdom equity Burket wm takfim the Wall Street vdatiHtyia its stride became Britain is not ranring as high a budget deficit m the United States aad m does not have the same worries enr rafetag interest rates to protect the carParis analytes said their market may react with a sauil eorreettoa but there wm anHfcriy to be a siMe. la MHa% Aamtordten and Stoefctata analysts saM tbdr martato woaM largely ignore tke Waß Street riide. ■-Swta ; < ■Srkrt aaatystt were art worried about the leeol fanpaet of the Wan Street correction. In Tokyo Share prices soared high above previous records in heavy trade yesterday as investors apptauded a recovery ia locri bond prices, broken said. The 22$ohare Uries powered 334.48 potato htaer to a record doata 2M&75The previous record dore was 2d.118.42, set on September 1.