The leading German index had reached several new record highs in the last stock market year.
(Photo: Bloomberg Creative/Getty Images [M])
Dusseldorf After the significant slide in prices on Thursday, the German stock market continues to fall. The Dax was listed at 15,253 points on Friday morning, a drop of 0.7 percent. The leading index ended yesterday’s session 1.57 percent lower at 15,368 points.
Initially, the Frankfurt benchmark defied yesterday’s sell-off on Wall Street with a plus at the start of trading, which only picked up speed after the market closed in Germany. The leading index Dow Jones Industrial slipped 1.5 percent, the technology-heavy Nasdaq fell 3.7 percent. For the Nasdaq 100 selection index, it was the largest percentage daily loss since September 2020, down 4.22 percent.
The reason for the slight price gains in the first hour of trading was the quarterly figures published by the US giant Amazon after the market closed, which pleased investors. The share price increases by eleven percent on the German stock market.
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