Germany’s benchmark DAX index drops

Frankfurt, Jan 9 (IANS) The benchmark DAX index at Frankfurt Stock Exchange on Friday further dropped by over 130 points, or 1.31 percent, and closed down at 9,849.34 points.

The blue-chip index opened higher based on the previous day’s plunge of more than 2 percent, early afternoon once recaptured the 10,100 level owing to impulse of the strong US labour market data, reports Xinhua.

However, investors’ dampening sentiment about Asian market continued weighing on German shares, which made DAX index sharply fell late afternoon and return downwards below 10,000 points.

So far, DAX index had dropped 8.3 percent for the first week of the new year, suffering its worst weekly loss since August 2011.

The German supplier of industrial gases Linde and the automobile manufacture Volkswagen were the only risers, which advanced by 0.64 percent and 0.09 percent respectively. Deutsche Bank lost the most among fallers by 3.24 percent, followed by Bayer and Infineon.

Daimer was the most traded share of the day with a turnover of around $433 million.

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