NY Dow: Over 700 dollars drop due to friction between US and China
The New York Stock Market and the Dow Average Stock Price on the 23rd fell sharply over $ 700 at one time due to widespread selling orders due to concerns over trade friction between the US and China.
The New York Stock Market on May 23, the Dow Average Stock Price fell by more than $ 100 compared to the previous day after China announced that it would impose retaliatory duties on imported goods from the United States. When the contents of the lecture were communicated, purchase orders increased due to the expectation of further rate cuts.
However, immediately after that, President Trump revealed his policy to take retaliation against China on Twitter, so the selling order spread due to concerns that trade friction between the two countries would become even more intense, and the Dow average share price was 700 The price dropped significantly over the dollar. After that, it was bought back somewhat, but the closing price was $ 25,628 and 90 cents, which was 623.34 cents cheaper than the previous day, and it was the fourth decline.
In the foreign exchange market, risk-avoidance yen purchases have progressed, and the yen has remained in the low 105 yen range.
Market participants but was a lecture content is generally within the assumption of "Powell chairman, by tweets Trump president, strengthened the flow of once risk aversion. Trump President, the distrust of both of Powell Chair and Xi Jinping Jintao What we have revealed also has led to investor alertness. "