After the crash at the start, Dax reduced the losses by around 500 points

Dusseldorf The war in Ukraine remains the main drag on the markets. After the dangers posed by the shelling of a nuclear power plant in the war zone on Friday, there is a possible import stop for Russian oil this Monday that will cause the leading German index to fall below the 13,000 point mark.

The Dax was down 4.9 percent in the first hour of trading and was now at 12,438 points, more than 650 points less than at the end of last week. The Frankfurt benchmark thus reached its lowest level since November 2020.

In the meantime, the situation has calmed down somewhat: The Dax is around 12,987 points in midday trading around 2:30 p.m., a drop of only 0.9 percent or 120 points. The leading index had already fallen 4.4 percent on Friday and closed at 13,094 points – a loss of more than 500 points.