Dax turns negative – domestic investors ensure demand

Dax curve

The low for the year so far is 12,438 points.

(Photo: Bloomberg Creative/Getty Images [M])

Dusseldorf Profit-taking on the German stock market on Thursday after recent significant increases. In the morning, the leading index was around 0.8 percent down at 14,327 points. Among the biggest losers are car stocks such as VW, Mercedes-Benz, BMW and Continental, as well as bank stocks such as Deutsche Bank. The day before, these papers had been particularly in demand.

On Wednesday alone, the German stock market barometer rose by more than 500 points. Since the war low of March 7 (12,439 points), the peak has even been more than 2000 points. However, the record high during the Ukraine war remains untouched. Since the Russian invasion, the Dax has never been higher than 14,568 points.

Also on Thursday profit-taking began within sight of this mark. The daily high is 14,509 points.

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