Dax closes with a minus of more than two percent

Dax 40 starts on the stock exchange

The “new” Dax had an unfortunate start date.

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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