Dusseldorf September lives up to its reputation as the weakest stock market month of the entire year. The Dax lost 2.3 percent to 15,132 points by the end of trading, a minus of around 360 points. The daily low was 15,019 points. The MDax of the medium-sized stock market stocks, reduced from 60 to 50 stocks, closed with a minus of 1.40 percent at 34,799 points.
The rapid change of direction on the stock market should not come as a surprise to any investor. At the beginning of this week, the Dax is suffering from four negative factors: On the one hand, there are the international financial markets, which are currently affecting the possible insolvency of the Chinese real estate company Evergrande. Evergrande’s share price lost a further twelve percent on Monday to 2.23 Hong Kong dollars (the equivalent of around 0.24 euros), the lowest level in ten years. Investors should know: China’s mainland stock exchanges were closed, which is probably why the drop in Hong Kong as a trading center was so drastic.
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