In the New York stock market on the 12th, following the announcement of the US Consumer Price Index, there was an increase in buying orders due to the view that interest rate cuts would not be significantly delayed, and the Dow Jones Industrial Average rose by more than 200 points. .
The closing price of the Dow Jones Industrial Average on the New York Stock Exchange on the 12th was $39,005.49, an increase of $235.83 from the previous day.
This is the second day in a row that the Dow Jones Industrial Average has increased.
Although the growth in the U.S. consumer price index announced that day exceeded market expectations, there was an increase in buying orders, mainly for high-tech stocks, as there was a view that interest rate cuts would not be significantly delayed.
The stock price of Nvidia, which makes semiconductors for generative AI, rose significantly by 7.1%, and the Nasdaq stock index, which has many high-tech stocks, rose by a large 1.5%. The S&P 500 stock index also rose to a new all-time high.
A market source said, ``The rise in Nvidia's stock price has renewed expectations for increased demand for AI, pushing up the prices of high-tech stocks and other stocks.''
In addition, in the New York foreign exchange market, the yen exchange rate rose, as long-term interest rates in the United States rose, and people became conscious of the difference in interest rates between Japan and the United States, leading to dollar-buying and yen-selling movements, causing the yen to depreciate to the low 148 yen level at one point. However, since then, the dollar has been trading at the 147 yen level.