The leading German index has already reached several new record highs this year.
(Photo: Bloomberg Creative / Getty Images [M])
Dusseldorf On the German stock market, investors cannot complain about the lack of movement in prices. Within an hour, the Dax slipped by 250 points on Tuesday morning to the daily low of 15,866 points.
After that, the bears and the bulls fought among investors to interpret this sell-off: Was it just a slip-up or the end of the current year-end rally?
The level at close of trading suggests the latter. The Dax lost a good one percent and ended the day at 15,937 points. The stock market barometer thus fell well below the psychologically important mark of 16,000 points.
The Dax was trading above this area for almost two weeks, previously the index fluctuated for several months in a sideways range between 16,000 points on the top and 14,800 points on the bottom.
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