On the 16th, the New York Stock Exchange swelled with sell orders due to caution against a global economic slowdown due to rapid monetary tightening, and the Dow Jones Industrial Average temporarily plummeted to over $ 900. The closing price has fallen below the $ 30,000 mark for the first time in a year and five months, and the market is becoming more turbulent.
In the New York foreign exchange market on the 14th, the movement to sell the yen and buy the dollar became stronger, and the yen exchange rate temporarily dropped to the mid-135 yen level per dollar, renewing the yen’s depreciation for the first time in about 24 years.
In the New York Stock market on June 13th, the Dow Jones Industrial Average temporarily plummeted to over $1,000 as record inflation prolonged, monetary tightening accelerated further, and caution was raised against the economic slowdown.
Either way, GI’s management will have to get the signature of the stakeholder in the extraordinary general shareholders meeting (RUPSLB) on 22 January 2020. The fundraising is believed to extend GI’s debt profile.