NY stock value decline Oil price rise Yen appreciation Middle East situation tensions rise January 7 at 7:49
The stock market fell on the 3rd in New York on Tuesday as tensions in the Middle East increased. Meanwhile, crude oil prices have risen and the yen has appreciated in the foreign exchange market.
The New York Stock Exchange Dow Jones average closing price was $ 28,634.88, down $ 233.92 from the previous day.
The day before, the New York market had just hit a new high, but sell orders have spread as tensions in the Middle East have escalated following the U.S. attack on Iran.
Europe's main equity markets also fell around 1.3% in the German Frankfurt market.
Meanwhile, crude oil prices soared in light of the view that crude oil production in the Middle East would be affected, with WTI futures prices in the New York market temporarily exceeding $ 64 a barrel, the highest since last April. .
In the foreign exchange market, the buying of yen has been strengthened to avoid immediate risks, and the New York market on March 3 hit the yen against the dollar since October last year, at $ 107.80.
Market officials say, "After Iran has declared retaliation against the United States, the market is wary that the next move will worsen the situation."