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The New York Stock Exchange plunged last night.

When the US Federal Reserve raised interest rates a lot at once, stocks fell a lot due to concerns about a recession, as the UK and other countries raised interest rates.

Thirty thousand lines were broken.



Correspondent Kim Jong-won from New York.



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The relief rally in the New York Stock Exchange ended in one day.



Today (17th), the New York Stock Exchange closed with significant declines in all three major indices.



The Dow fell more than 700 points or 2.4%, breaking the 30,000 line for the first time in 17 months since January last year, when the coronavirus was in full swing.



The blue-chip S&P 500 fell more than 3%, and the Nasdaq also fell more than 4%.



After the Fed's 0.75 percentage point hike in interest rates and the announcement of the Giant Step yesterday, the New York stock market, which had a relief rally amid expectations of easing uncertainty and stabilizing prices, today plunged without overcoming concerns about a global economic downturn amid a series of interest rate hikes from around the world.



The UK and Switzerland also raised interest rates shortly after the Fed's rate hikes.



The UK raised interest rates by 0.25 percentage points, five times in a row, raising interest rates to the highest level in 13 years, and Switzerland also raised interest rates by 0.5 percentage points for the first time in 15 years.



[Kevin Mann / Henion & Walsh Wealth Manager: Switzerland also announced a 0.5% point increase in interest rates.

This signaled that Switzerland would sell all US stocks, and I think that was the main reason for the plunge in the New York stock market today.] The



European stock market also saw a series of interest rate hikes by European countries, leading to major indices rising from 2% to 3% at once. fell