Sell-off on the German stock market – Dax has meanwhile slipped more than 500 points

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Dax board of the Frankfurt Stock Exchange.

Dusseldorf There is a sell-off mood on the German stock market. The Dax collapsed by more than three percent in the morning and fell to 14,703 points, a temporary slide of 530 points compared to the previous day’s close. The index is currently trading at 14,803 points, down 2.8 percent or the equivalent of 430 points.

The Dax has thus broken out again from its sideways range of several weeks, 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.

The losses continued to widen as trading progressed. Previous holding zones also had no effect. The Dax even fell below the important level of 14,800 points for a short time.

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