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Germany's benchmark DAX index plunges

English.news.cn   2014-07-09 06:42:11

FRANKFURT, July 8 (Xinhua) -- The benchmark DAX index at the Frankfurt Stock Exchange on Tuesday continued its downward trend and fell by 1.35 percent.

The blue-chip DAX index closed at 9772.67 points. It lost more than 2 percent since Monday, a sharp contrast to the bullish sentiment a week ago at the exchange.

The German business daily Handelsblatt quoted investors as saying that they fear more disappointing news can come next week.

Reports said that Commerzbank, the second largest bank in Germany, is in negotiations with United States authorities and it could be fined 500 million U.S. dollars.

Commerzbank slid 5.79 percent on the fine reports, leading the top fallers including the airline Deutsche Lufthansa AG, the semiconductor solutions provider Infineon Technologies AG, the fertilizer producer K+S Aktiengesellschaft and Germany's largest bank Deutsche Bank AG, down by 3.81 percent, 2.65 percent, 2.34 percent and 2.22 percent respectively.

The home care company Henkel AG & Co. KGaA Vz, the health care company Fresenius SE & Co. KGaA and the insurance company Allianz SE were the only three risers of the day among the DAX shares, up by 0.2 percent, 0.18 percent and 0.16 percent.

The turnover stood at 2.97 billion euros (around 4.04 billion U.S. dollars).

Editor: An
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