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 German benchmark index has said goodbye to its ambitions at a new record high. With the slide to 16,018 digits in the first hour of trading, a major sell-off indicated, especially since the Dax was already trading over the counter at 15,970 meters. In the meantime, the situation had calmed down again with the daily high of 15,156 points, but the Frankfurt benchmark is currently again at 16,090 points, a decrease of 1.1 percent or around 180 points.
On Wednesday yesterday, only five points were missing to reach the German share barometer’s current record of 16,290 points. At the close of trading on Wednesday, the leading index Dax 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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