The leading German index had reached several new record highs in the last year of the stock market.
(Photo: Bloomberg Creative / Getty Images [M])
Dusseldorf The leading German index has said goodbye to its ambitions to a new record high. After opening on the US stock exchanges, the Dax even slipped below the 16,000 point mark. It closed the trading day 1.4 percent in the red at 16,052 positions.
On Wednesday only five points were missing to reach the current record of the German share barometer of 16,290 points. At the close of trading, the leading index was up 0.7 percent at 16,271 points.
The setback in the Dax should not surprise any investor. In just eleven trading days, the index has risen by more than 1200 points. During this period there was only one trading day that ended in a minus.
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