Dax aktuell: Dax startet deutlich im Minus und rutscht unter 26.000 Punkte
Am Donnerstag hat der Dax ein neues Rekordhoch erreicht, doch von der positiven Stimmung ist wenig übrig. Nach dem deutlichen Kursrutsch an der Wall Street geht es auch beim Dax bergab.
Düsseldorf. The tremors from global markets that began on Wall Street yesterday afternoon have now significantly impacted the DAX. Opening on Friday, the German benchmark index lost 1.7 percent, or over 400 points, to close at 25,873 points. Tech stocks initially rebounded on the German stock market, having lost between eight and 14 percent at the end of the trading day.
Jochen Stanzl, Chief Market Economist at Consorsbank, notes investors are capitalizing on gains after the index rose more than 1,800 points on a monthly basis. However, on Thursday, factors such as the outcome of the Midterms in the USA, hopes for diplomatic progress in the Iran war, falling energy prices, bond yields, and positive company balances initially gave the DAX a boost.
By midday, it had reached a new record high of 26,685.23 points. However, the daily gains were quickly reversed as Wall Street opened sharply in the red, with tech stocks particularly suffering a decline that weighed on the DAX. The index closed 0.4 percent lower at 26,325 points.
Written by urgent.news from Handelsblatt's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
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