Frankfurt (dpa-AfX)-The wave of sale on the German stock market because of the rabid US customs policy accelerated on Monday. At the start of the trade, the leading index Dax crashed by around 10 percent – most recently, it was able to get little bidding from 7.34 percent to 19,127.01 points. “The nerves are currently bare,” commented financial market expert Andreas Lipkow. The US trade war had sparked massive economic worries last week.
The third autumn day in a row threatens the DAX. He also slipped under the 200-day average line that was important for the long-term trend for the first time since August. The clear price gains have been history since the beginning of the year. For the MDAX of medium -sized companies, another 6.95 percent went down to 23,643.16 points.
The EuroZone-Leiten-Leindex EUROSTOXX 50, which had already lost its annual plus on Friday, lost 6.3 percent. The descent on the stock exchanges worldwide continues: the most important indices in Asia dropped significantly, and in New York the signs also stand for further losses./GL/MIS