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As tensions are rising in Ukraine and the news that the US Fed's rate hike is imminent, the New York Stock Exchange also plunged today (25th) for a moment. European stocks and Bitcoin prices also fell.
Correspondent Kim Jong-won from New York brings this news.
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Local time This morning, right after the New York Stock Exchange opened, all three major indices began to decline sharply.
In particular, the S&P 500 index, which focuses on large-cap stocks, has fallen more than 11% from its recent 52-week high and entered a correction zone.
The Dow, a collection of blue-chip stocks, once fell more than 1,000 points, and the Nasdaq, a tech stock, which plummeted 12% in 14 days from the first day of the new year to yesterday, also fell further today, so dinosaurs such as Apple and Google were also on a downtrend.
There was even talk of the biggest drop since March 2020, when the corona crisis was in the early stages, but all three major indices showed a significant reduction in the decline ahead of the market close.
The New York Stock Exchange has continued to decline since the beginning of the year.
Fear of austerity is cited as the number one cause.
There are forecasts that the US central bank, the Federal Reserve, will raise the key interest rate from March to catch up with soaring inflation.
Markets are predicting that the Fed will raise rates four times this year.
Investor sentiment further weakened as the Ukraine crisis overlapped.
In Europe, where tensions are highest in Ukraine, stock markets plunged today, and bitcoin prices also fell sharply.