NY stock market price drop for 9 business days due to tension in Middle East region September 17th 5:18
The New York Stock Market on the 16th day of the week saw selling orders ahead of risk to avoid risks as tensions in the Middle East increased, and the Dow average price dropped for the first time in nine business days.
The closing price of the New York Stock Market's Dow average stock price on the 16th was 27,766,82 cents, a decrease of 142.70 cents compared to last weekend.
The price drop is 9 business days since the 3rd of this month.
Following a weekend attack on a Saudi Arabian oil facility, concerns about the global supply of crude oil and a growing order in the Middle East led to sell orders to avoid risk.
On the other hand, since the price of crude oil has risen, oil-related stocks have been bought, and the price drop has been limited.
In addition, the movement to avoid risk led to yen buying in the foreign exchange market, and the yen exchange rate rose to the 107 yen level.
A market official said, “It is likely that transactions will continue with careful watch to see if there will be further tension, such as military movements in the Middle East.”