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.

The Dax on the German stock market fell by 3.6 percent or 576 points in the first hour of trading and is trading at 14,849 points. This is also the new low for the year.

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.

On Friday, the leading German index ended trading 0.4 percent down at 15,425 points. At the end of last week, there was a price slide on Wall Street, the Nasdaq 100 lost more than three percent.