Dax slips over 500 points – Ukraine conflict makes investors buy gold and government bonds

Dusseldorf The Ukraine conflict has become the dominant topic on stock exchanges worldwide. And as is often the case in the run-up to possible military conflicts, share prices plummet. In return, the prices of the so-called safe havens such as gold and government bonds are rising.

On the German stock market, the Dax collapsed by 580 points in the morning and marked a new low for the year at 14,844 points. The fear of rising energy prices in the event of a military escalation on the Russian-Ukrainian border is evidently huge. And further increases in energy prices could abruptly stall the economic recovery from the pandemic.

But now Dax has calmed down a bit and was able to reduce the losses a bit. The Frankfurt benchmark is currently back at 14,909 points, down 3.4 percent or 515 points.