With the recently clear recovery on the German stock market from the US customs shock since the beginning of April, it has been over on Wednesday.
The DAX gave up 0.64 percent to 21,117.78 points for the starting bell. In the further course, it tends continued. At times, the stock market barometer again falls below the psychologically important 21,000 mark. However, he can now clearly settle from the daily low.
Put the customs issue and messages about the AI group NVIDIA.
On March 18, the German leading index had reached a new high with a view to the Bundestag vote on the financial package at 23,476.01 points. The DAX ended March 6th at 23,419.48 units – with a new all -time high at the final course basis.
China signals willingness to talk
Possible signals from China for willingness to talk with the United States in the customs dispute have soothed the stock markets a bit on Wednesday morning.
China is quite open to discussions with the USA in the last escalated trade war between the two countries, but apparently ties in on numerous conditions, the Bloomberg news agency, citing the matter, wrote down to the matter. By US President Donald Trump, for example, China demands more respect.
Nvidia share pulls down the whole sector
In addition, the mood is pressing that the semiconductor giant Nvidia is confronted by the US government with tightened restrictions on deliveries from AI chips to China. This brings nvidia losses in billions of bills.
“With the export ban for the H20 chip from Nvidia to China, we are experiencing a new escalation in the current trade conflict,” wrote market expert Thomas Altmann from the asset manager QC Partners in the morning. The environment remains volatile. “The time of predictability is history for both companies and investors.”
Sell-off? Sales declined
“You can clearly see that many market players are already on Easter vacation,” comments one dealer. The market sales decreased significantly, the markets calmed down. This was also shown by the volatitis indices. “We think you can now say with certainty that the acute phase of the sell-off is over,” says the strategists at Bespoke Investment Group.
Redaktion finanzen.net / dpa-fx / Dow Jones Newswires