Germany’s benchmark DAX index closes lower

Frankfurt, Feb 25 (IANS) The benchmark DAX index at Frankfurt Stock Exchange went down by nearly 250 points and closed at 9,167.8 points.

The blue-chip index plunged by 248.97 points, or 2.64 percent on Wednesday, Xinhua news agency reported.

Fresenius, a medical care company, was the only one among the 30 DAX member shares which has managed to rise. It added 3.43 percent.

On the other hand, Volkswagen slumped by 4.65 percent.

Infineon Technologies, a semiconductor producer, slipped by 4.59 percent. Continental fell by 4.57 percent. Daimler slid by 4.09 percent. BMW went down by 4.02 percent.

Daimler was the most traded share of the day with a turnover of 361.61 million euros (around $398 million).

Spanish stock market index plummets

Madrid, Feb 25 (IANS) The Spanish stock market index Ibex-35 fell 3.07 percent to close at 8,013.70 points, down from the 8,267.60 points of the previous session.

IAG shares led falls losing 5.09 percent on Wednesday, followed by DIA, Banco Santander, BBVA, Indra A and ArcelorMittal that lost 4.83 percent, 4.76 percent, 4.54 percent, 4.47 percent and 4.31 percent respectively, Xinhua news agency reported.

FCC shares lost 0.31 percent, as well as Sacyr, Acciona and Enagas that lost 0.35 percent, 1.10 percent and 1.45 percent respectively.

Meanwhile, Spain’s risk premium closed at 147.20 points and Spain’s 10-year bond interest rate closed at 1.63 percent, both showing no big differences when compared with Tuesday.

Tokyo shares open higher

Tokyo, Feb 25 (IANS) Tokyo shares opened the trading on Thursday higher following gains in the overnight US stocks market and the rise in oil prices.

At 9.15 a.m. (local time), the 225-issue Nikkei Stock Average gained 127.75 points, or 0.80 percent, from Wednesday to 16,043.54, Xinhua news agency reported.

The broader Topix index of all First Section issues on the Tokyo Stock Exchange was up 13.41 points, or 1.04 percent, to 1,297.94.

Chinese yuan weakens

Beijing, Feb 25 (IANS) The central parity rate of the Chinese currency renminbi, or the yuan, weakened 16 basis points to 6.5318 against the US dollar on Thursday, according to the China Foreign Exchange Trading System.

In China’s spot foreign exchange market, the yuan is allowed to rise or fall by 2 percent from the central parity rate each trading day, Xinhua news agency reported.

The central parity rate of the yuan against the US dollar is based on a weighted average of prices offered by market makers before the opening of the interbank market each business day.

Chinese shares open lower

Beijing, Feb 25 (IANS) Chinese stocks opened lower on Thursday, with the benchmark Shanghai Composite Index down 0.23 percent, at 2,922.24 points.

The smaller Shenzhen index opened 0.16 percent lower at 10,290.96 points, Xinhua news agency reported.

The ChiNext Index, tracking China’s NASDAQ-style board of growth enterprises, lost 0.22 percent to open at 2,198.93 points.

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