In the New York stock market on the 19th of the week, the Dow Jones Industrial Average temporarily plummeted by more than $ 940 due to concerns that the infection of the mutant virus "Delta strain" confirmed in India will spread worldwide including the United States. became.
In the New York stock market on the 19th, the infection of the mutant virus "Delta strain" confirmed in India is spreading rapidly in the United States, and the infection spreads further worldwide, slowing the economic recovery. Concerns have increased.
As a result, sell orders spread to a wide range of stocks immediately after the start of the transaction, and the Dow Jones Industrial Average temporarily plummeted by more than $ 940.
After some buybacks, the Dow Jones Industrial Average closed at $ 33,962,4, down $ 725.81 from last weekend, the biggest drop this year.
In addition, in the foreign exchange market, the movement to sell dollars and buy yen became stronger, and the yen exchange rate temporarily rose to the low 109 yen level per dollar.
Market officials said, "Investors who have been buying stocks in anticipation of a recovery in the economy are turning around and are increasingly avoiding risks and allocating funds to safe assets." It is also expected that the global financial markets will continue to be sensitive to the status of infection with mutant viruses such as Delta strains for the foreseeable future.
US long-term interest rate drops to 1.1% level for the first time in about 5 months
Meanwhile, US government bonds were bought in the New York bond market on the 19th, and the yield of 10-year government bonds, which is an indicator of long-term interest rates, temporarily dropped to the 1.1% level for the first time in about five months.
There has been a move to sell stocks and divert funds to government bonds.