In the New York stock market on the 29th, as long-term interest rates in Europe and the United States rose again, concerns about the slowdown of the global economy spread and selling orders increased, and the Dow Jones Industrial Average temporarily dropped to over 600 dollars. have become.
In the New York stock market on the 29th, European and American government bonds that were bought in the bond market on the 28th were sold, and long-term interest rates in the United States and Europe rose again. With the sense of caution, the concern about the slowdown of the global economy spread, and the sell orders swelled.
As a result, the Dow Average stock price fell sharply over $600 at one point, and even dipped below $29,000 at times.
The stock closed at $29,225.61, down $458.13 from the previous day.
The Nasdaq stock index, which has many IT-related stocks, also fell sharply by 2.8%.
A market official said, ``The day before, the British central bank announced the purchase of British government bonds whose prices had fallen, but some investors believe that the effect of stabilizing the market is temporary, and avoid immediate risks. We have seen a surge in sell orders for
In addition, the yen exchange rate in the New York foreign exchange market moved slightly around the 144 yen level to the dollar due to concerns about further market intervention by the Japanese government and the Bank of Japan.