NEW YORK , Jan. 25 -- ( Kyodo ) _ (EDS: MODIFIES DATELINE, ADDING LATE AFTERNOON RATES, STOCK MARKET DATA) Concern over emerging economies and their currencies pushed the U.S. dollar briefly to 102 yen flat in London on Friday for the first time since early December and caused stocks to tumble on Wall Street . Later in New York , the U.S. currency gained ground, fetching 102.34-44 yen at 5 p.m. , compared with 103.36-37 yen in Tokyo at 5 p.m. The euro traded at $1.3673-3683 and 139.90-140.00 yen against $1.3686-3687 and 141.46-50 yen late Friday afternoon in Tokyo . The yen, perceived as a less risk-averse currency, drew interest on increasing concern about emerging economies such as Argentine, where its currency peso plummeted, an analyst said. The dollar's fall also mirrored a heavy beating the U.S. equity market took. The Dow Jones Industrials lost 318.24 points, or 1.97 percent, to a one month-low 15,879.11. This was the sharpest point loss since June 20 when it shed 353.87. The Dow index gave up a total of around 580 points in the four straight days of decline through Friday. The broader S&P 500 dropped 38.17, or 2.09 percent, to 1,790.29, while the Nasdaq Composite fell 90.70, or 2.15 percent, to 4,128.17. On Friday, shares tumbled from Tokyo to London and Frankfurt .
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