In the New York stock market on the 28th of the week, the Dow average stock price fell by nearly 500 dollars due to the view that the Chinese economy would slow down due to the protests against China's "zero corona" policy.
On the 28th, the Dow Jones Industrial Average closed at $33,849.46, down $497.57 from last weekend.
In the market, there is a widespread view that China's economy will slow down due to a series of protests against China's "zero corona" policy, which is accompanied by strict restrictions on movement, and will have a negative impact on the global economy.
Furthermore, on this day, it was reported that a high-ranking official of the Fed = Federal Reserve Board made a statement that the policy interest rate would be further raised next year, so concerns over the continuation of significant interest rate hikes in the United States increased, and selling orders swelled up.
The Nasdaq stock index, which has many IT-related stocks, also fell sharply by 1.5%.
A market insider said, ``With the slowdown of the Chinese economy being perceived as a risk, many investors placed sell orders to avoid the risk, as concerns about an interest rate hike increased as a result of remarks by senior Fed officials.'' .
On the other hand, in the New York foreign exchange market on the 28th, the speculation that the interest rate will continue to rise sharply increased, so there was a movement to buy back the dollar that had been sold against the yen, and the yen exchange rate was in the upper 138 yen range to the dollar. It is a transaction with.