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Dax closes significantly in the red due to Corona

2020-10-28T19:50:47.758Z

The fear of a new corona lockdown pisses off investors: The Dax went out of trading with a minus of a good four percent.



Icon: enlarge

Frankfurt Stock Exchange

Photo: DANIEL ROLAND / AFP

The new, stricter corona rules negotiated by the Federal Chancellor with the Prime Minister are creating a bad mood on the stock market.

In the course of trading, the Dax fell to 11,457 points, its lowest level since the end of May.

Ultimately, the leading index lost 4.17 percent to 11,560.51 points.

The leading index is now around 14 percent away from its interim high at the beginning of September at 13,460 points.

The MDax of the 60 medium-sized stocks closed on Wednesday with a loss of 2.71 percent at 25,884.13 points.

The leading Eurozone index EuroStoxx 50 fell by 3.5 percent to just under 2964 points.

In the US, the Dow Jones Industrial was down 3.0 percent at the close of trading in Europe.

The new restrictions are intended to prevent the uncontrollable spread of the epidemic.

The measures apply from next Monday (November 2nd) and should last until the end of November.

The risk of an infection situation that is no longer manageable is growing from day to day, since the number of infections is currently almost doubling every week, it was said to justify.

One winner on Wednesday was the food delivery company Delivery Hero.

The company's paper was 1.7 percent more expensive.

Delivery Hero is one of the beneficiaries of the Corona crisis.

In contrast, BASF's papers were hit hard - they fell 6.7 percent.

Chemical stocks were generally avoided in view of the looming lockdowns in Europe.

Icon: The mirror

wal / dpa

Source: spiegel

All business articles on 2020-10-28

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