In the New York stock market on the 5th, the Dow Industrial Average, which is made by major companies, continued to grow significantly in the hope that US-China trade friction would ease. The closing price is $ 26,728.15, $ 372.68 (1.41%) higher than the previous day. US President Trump has reached a high for the first time in a month since the end of July, just before he announced the launch of the fourth sanctions tariff on China.
The US and China governments agreed to resume high-level trade talks in Washington on the 5th of October. Although it was not in the beginning of “September”, expectations for relaxation of tension in the market increased. Buy orders spread mainly for stocks with a large proportion of Chinese business, such as heavy machinery giant Caterpillar, and the average increase in the Dow temporarily reached $ 480.
The overall index of the NASDAQ market with many high-tech stocks also rose significantly, closing at 8116.83, 139.95 points (1.75%) higher than the previous day. (New York = Takashi Jiangsu)