The leading German index had reached several new record highs in the last stock market year.
(Foto: Bloomberg Creative/Getty Images [M])
Düsseldorf The small expiry day on the German stock market had hardly ended when the leading index began to slide on Friday. The Dax lost 1.5 percent by the end of trading and closed at 15,043 points. The German leading index even marked the daily low below the 15,000 point mark at 14,990 points.
With political risk still lingering and the US bank holiday on Monday, investors were more willing to reduce their risk positions. Like the day before, the sellers were probably foreign investors. Because the price slide took place on both days shortly before the opening of the US stock exchanges.
Until then, it seemed as if the Ukraine conflict would lose its influence as it continued. As recently as Monday of this week, the stock market barometer had temporarily slipped to 14,844 points due to this risk. Sustained prices below the 14,800 point mark might trigger a larger sell-off.
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