The Dow Jones Industrial Average fell by more than $ 200 on the 10th as sell orders were placed on the New York stock market due to fears that rising inflation would slow the economy.
The closing price of the Dow Jones Industrial Average on the New York stock market on the 10th was $ 36,079,94 cents, which is $ 240,4 lower than the previous day.
Inflation has boosted the economy as US consumer prices announced last month rose 6.2% from the same month last year, the highest rate of increase in almost 31 years. Selling orders increased due to a sense of caution about slowing down.
The Nasdaq stock index, which has many IT-related stocks, also fell 1.6% from the previous day.
In addition, in the New York foreign exchange market, the movement to sell the yen and buy the dollar became stronger in response to the rise in long-term interest rates in the United States due to concerns about inflation, and the yen exchange rate temporarily dropped to the 114 yen level per dollar.
"For the time being, the extent to which prolonged inflation will affect the US economy is likely to affect stock price trends," said a market source.