Overview
- U.S. consumer prices rose more than expected in June, stoking fears of persistent inflation and lifting long-term Treasury yields.
- The Dow Jones Industrial Average plunged 436.36 points on July 15 to 44,023.29 as investors digested the inflation report.
- In Tokyo trading, the Yomiuri 333 index edged up 5.56 yen to 36,428.51 while the Nikkei 225 climbed 218.40 points to 39,678.02 on yen weakness.
- The yen weakened to about ¥149 per dollar in New York, reaching its lowest level in roughly three months on widening U.S.-Japan rate differentials.
- Markets remain on edge over President Trump's upcoming 30% tariffs on EU and Mexican imports set for August 1 and Japan's Upper House election on July 20.