NY stock price drop: view that worsening US-China conflict is bad for the economy 5:24 on July 25
The New York Stock Market Dow Average stock price has fallen on the 24th. This is because the view that the confrontation between the United States and China is getting worse and the economic outlook is adversely affected has spread.
The closing price of the New York Stock Market Dow Average stock price on the 24th was 182.44 cents cheaper at 26.469.89 cents, falling for the second consecutive day.
Intel, which is a major semiconductor maker that has been lagging behind in the development of new products, has seen a major drop in price, and concerns about the future of the economy have spread as the conflict between the United States and China has become serious.
In addition, in response to these movements, yen buying in the foreign exchange market proceeded to avoid risk, and the yen exchange rate temporarily stood at 105.60 yen for the first time in 4 months.
A market official said, "The inability to stop the spread of the new coronavirus has been a factor in the market price, and the instability is increasing recently."