Stock exchange in Frankfurt - Dax records significant losses
The German stock market fell sharply on Wednesday for the first time in months. After a subdued start, the Dax accelerated its slide in the afternoon and fell below the 16,500 point mark at times. The continued weakness of the US stock markets weighed on the market. Profits were taken there after the strong year-end rally, which also dampened the mood on Europe's stock exchanges.
Ultimately, the Dax lost 1.38% to 16,538.39 points after narrowly missing another record high the day before. The MDax of the 50 mid-cap stocks ended the day with a loss of 2.18 percent to 26,252.13 points. The situation was hardly any different across Europe. In the USA, where the technology stock exchange Nasdaq in particular had fallen sharply the day before, the downward trend continued a little further.
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The decline in the German stock market was primarily seen in the Dax, which is located at the Frankfurt Stock Exchange. On Wednesday, the Dax fell below the 16,500 point mark due to the continued weakness of US stock markets. The MDAX, which represents the 50 mid-cap stocks in Frankfurt, also experienced a significant loss. The downturn in European stock markets was prevalent, with Frankfurt on the Main and the DAX (Deutscher Aktienindex) being major contributors. This trend was also observed in the technology stock exchange Nasdaq in the USA, particularly after a sharp fall the day before.
Source: www.stern.de
