The low for the year so far is 12,438 points.
(Photo: Bloomberg Creative/Getty Images [M])
Munich The German stock market was down around 1.7 percent at 14,144 points on Friday afternoon. The so-called Witches’ Sabbath, also known as the big day of expiry, caused increased tension in the first few hours of trading. Options and futures on indices and individual stocks expire this Friday.
The nervousness was particularly noticeable in the first hour of trading. The Dax fell to 14,267 points. The following counter-movement lasted only briefly.
Large investors in particular reacted nervously before turning to other topics again around noon as the expiry expired. From then on, the effects of the Ukraine war in particular determined trade again. But there, too, reticence was omnipresent. Because there is still no sign of a solution to the Ukraine conflict, many investors no longer wanted to take any high risks before the weekend. Especially since the Dax had already gained around five percent in value this week, which represents the highest weekly gain in a year and a half.
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