In the New York Stock Exchange on the 5th, sell orders swelled due to concerns about the future of the Western economy, and the Dow Jones Industrial Average temporarily dropped by more than $ 700.
Since the 4th of the previous day was a holiday, the New York Stock Exchange on the 5th, which was a transaction after the holidays, became more concerned about the future of the Western economy immediately after the start of the transaction, and sell orders expanded.
As a result, the Dow Jones Industrial Average temporarily dropped by more than $ 700 compared to last weekend.
In addition to lower-than-expected market indicators for consumer spending and manufacturing business sentiment released last week in the United States, a harsh view of the eurozone's economic outlook has spread.
After that, there was a buyback movement, and the closing price was 39.67.82 cents, which was 129.44 cents lower than last weekend.
Market officials said, "The euro has plummeted against the dollar, and investors have become more willing to avoid the risk of a recession in Europe and the United States. However, record inflation continues to smolder concerns about a recession, and we expect stock prices to continue to decline. "
In the New York crude oil market, the WTI futures price, which is an international indicator, temporarily dropped to the $ 97 level per barrel against the backdrop of concerns that the Western economy would deteriorate and demand for crude oil would decline.