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Stock market crash: Dax sinks well below 12,000 points

2020-10-28T09:15:04.741Z


The corona crisis and the expected measures to contain the pandemic are causing prices on the stock exchange to fall. The Dax slipped below the 12,000 mark for the first time since June.


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The Frankfurt Stock Exchange

Photo: STAFF / REUTERS

The worsening corona crisis with rapidly increasing numbers of infections and an impending lockdown in Germany are depressing prices on the German stock market sharply.

In early trading, the Dax fell by 2.75 percent to 11,731.92 points, slipping below the 12,000 mark for the first time since June.

In view of the rapidly increasing number of infections across Europe, the risks for the economic outlook are increasing, according to Commerzbank.

This Wednesday, the federal and state governments will discuss how to contain the pandemic.

A further tightening of the restrictions is emerging.

Chancellor Angela Merkel (CDU) wants to close restaurants for a month.

The MDax of the 60 medium-sized stock market stocks lost 1.83 percent to 26,116.63 points in the middle of the week.

The leading Eurozone index EuroStoxx 50 lost 2.6 percent.

Icon: The mirror

svv / dpa

Source: spiegel

All business articles on 2020-10-28

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