Dax slipped over 300 points at the start: professional investors are embarrassed

Dax curve

The main German index is trending down this year, despite the recent recovery.

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

Dusseldorf There is a selling atmosphere on the German stock market. On Thursday afternoon, the Dax fell 2.3% to 12,702 points, about 300 points lower than the previous day’s close. The daily minimum is 12,619 points. It is reasonable to assume that many professional investors have caved so that their already miserable half-year balance sheet doesn’t turn out even more negative.

With today’s losses, the minus of the leading German index since the beginning of the month has risen to a good twelve percent. Never before had he lost so much in a June. Its pan-European counterpart, the Euro Stoxx 50, is heading towards its biggest June loss in 14 years at under nearly ten percent.

The Dax had already dropped to 12,946 points on Wednesday before finally being able to defend just 13,000 points at the end of trading. Less than 1.7 percent and 13,004 points were on the scoreboard at the end of the session.

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