Germany’s benchmark DAX index slumps

Frankfurt, Aug 20 (IANS) The benchmark DAX index at Frankfurt Stock Exchange slumped by more than 200 points and closed below 11,000 points.

The falling prices of raw materials and the economic situations in Asia were mainly factors behind the slump on Wednesday, according local analysts.

The blue-chip index lost 233.77 points, or 2.14 percent and closed at 10,682.15 points, Xinhua reported.

All the 30 DAX member shares suffered losses. LANXESS AG, a specialty chemicals company, dropped by 5.61 percent. Infineon Technologies AG, a semi-conductor company, lost 3.44 percent. ThyssenKrupp AG plunged by 3.07 percent. Deutsche Lufthansa AG slipped by 2.99 percent. Continental AG went down by 2.98 percent.

The turnover stood at 3.49 billion euros (around $3.86 billion). Daimler AG was the most traded share of the day with a turnover of 329.81 million euros (around $364.66 million).

Leave a Reply

Please enter your comment!

The opinions, views, and thoughts expressed by the readers and those providing comments are theirs alone and do not reflect the opinions of www.mangalorean.com or any employee thereof. www.mangalorean.com is not responsible for the accuracy of any of the information supplied by the readers. Responsibility for the content of comments belongs to the commenter alone.  

We request the readers to refrain from posting defamatory, inflammatory comments and not indulge in personal attacks. However, it is obligatory on the part of www.mangalorean.com to provide the IP address and other details of senders of such comments to the concerned authorities upon their request.

Hence we request all our readers to help us to delete comments that do not follow these guidelines by informing us at  info@mangalorean.com. Lets work together to keep the comments clean and worthful, thereby make a difference in the community.

Please enter your name here