The leading German index has already reached several new record highs this year.
(Photo: Bloomberg Creative / Getty Images [M])
Dusseldorf After the turbulent course of trading the previous day, the situation on the German stock market eased for a short time. The Dax rose in the first hour of trading by 0.8 percent to 15,375 points.
The sell-off on Tuesday, accompanied by significant losses accompanied by high trading volumes, had left the leading index with a significant drop of 2.1 percent. The final score was 15,248 points, 320 points less than the final score on Monday.
Investors shouldn’t overestimate today’s easing path. After such a significant price slide, the first bargain hunters come into action. And shortsellers are starting to make profits by selling their put derivatives, which rise when prices fall. This also ensures rising prices.
Because short speculation works in principle like short sales, only that the bank takes care of the processing in the background. When buying a short product, the underlying asset is sold first and then bought back when it is sold.
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