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To: Bill Harmond who wrote (80718)	10/15/1999 2:06:00 AM
From: GST	Respond to of 164684

Thursday October 14, 11:20 pm Eastern Time Nikkei slips as Greenspan hints at U.S stock risk TOKYO, Oct 15 (Reuters) - Tokyo stocks slipped by Friday midday after U.S. Federal Reserve Chairman Alan Greenspan sparked worries over a possible sharp fall in high-flying New York stocks, traders said. Caution about Wall Street ahead of key U.S. inflation data due later on Friday grew stronger when Greenspan advised banks to set aside more money as insurance against a big market downturn. The Nikkei average ended the morning session down 137.39 points or 0.77 percent at 17,642.87. December futures <0#JNI:> tumbled 210 points to 17,680. ''Greenspan's comments arrived at a bad time,'' said Kunihiro Hatae, manager at Tokyo Securities Co Ltd. ''...just when we were cautious about the Dow's weak rebound overnight.'' A jump in U.S. long-term interest rates dampened Wall Street, making for a fragile rebound in U.S. stocks on Thursday. The Dow Jones Industrial Average rose just 0.53 percent to close the session at 10,286.61, after three consecutive losing sessions. Traders said they would carefully watch Friday's U.S. producer price index, one of the major gauges of inflation, for further clues on inflation and future Fed action. The impact of Greenspan's comments on Japanese stocks was reinforced by a sharp fall in Globex-traded S&P 500 futures , traders said.