Dusseldorf There is a sell-off mood on the German stock market. The Dax temporarily collapses by more than three percent and falls to 14,703 points, a slide of 530 points compared to the previous day’s close. At the close of trading, the leading index was down 3.3 percent or 498 points at 14,735 points.
Apparently, the fall in the Credit Suisse share price has led to further sharp losses in bank stocks, which are weighing on the market as a whole.
With today’s development, the Dax has once again broken out of its multi-week sideways range, which prevailed from the beginning of February to the beginning of March. In the meantime, he had returned to this range on Tuesday thanks to his significant gains of ultimately 1.8 percent.
But on this Wednesday, previous hold zones had no effect at times – as the fall below the important level of 14,800 points shows in the course of trading.
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