Categories: Business

Frankfurt Stock Exchange: Fear of new infections pushes the Dax into negative territory

At the beginning of the week, the mood on the German stock market was somewhat cloudy.

After the Dax had initially started to the 11,000 points in the face of the easing in the Corona crisis, the fear of a new wave of infection increased again among investors.

In the meantime, the German leading index fell to 10,740 points, but was able to regain some of the stock. In the end, it lost 0.73 percent to 10,824.99 points, which some experts said was important. The MDax was down 0.41 percent at 23,865.82 points on Monday.

The market pointed to the latest infection figures from Germany and South Korea as a brake on sentiment. According to the Robert Koch Institute (RKI), the rate of contagion in this country has been above the critical mark of 1 since Saturday. South Korea reported the largest increase in Corona cases in four weeks on Monday.

Matthew Velter

With 5 years of experience as an editor, Matthew has been a crucial part of eTrendy Stock since its inception. He looks after the editing of news content published on eTrendy Stock. Apart from investing his time in editing, he also provides well-researched news articles for the U.S. niche. Mathew studied at University of central Florida.