The Dax temporarily slipped below the 15,300 point mark in early trading and landed at its lowest level since mid-October.
(Photo: dpa)
Investors are surprised: On Friday, the German benchmark index Dax crashed by up to 635 points and is at times up to four percent in the red. Investors are not prepared for this “Black Friday” with “discounts” on share prices – they had already ticked off the corona pandemic in their minds.
But the topic has now been remembered. The Asian stock markets have already switched to crisis mode because of B.1.1.529 – the name of a new corona variant.
The potential danger of the virus mutant discovered in southern Africa is still unknown. But in this case the unknown comes through psychologically. The new maximum numbers of corona infections also in Germany are on top of that. Then the euphoria on the stock markets is over for the time being.
Prices have almost doubled since March of last year and have reached unprecedented heights. Correction is overdue and would only be healthy.
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