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. The Dax slipped 2.4% at noon to 12,686 points, about 320 points below the previous day’s close. The daily minimum is 12,662 points. The assumption is that many professional investors have sold so that their half-yearly balance sheet is no longer negative.

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.

For two weeks, the bulls and bears of the German stock market have been fighting for this psychologically important 13,000 point milestone – no other milestone has recently been contested for this long. But now it’s over. There is now a risk that the Dax will drop to the previous year’s low from March at 12,438 points.

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