Dax loses – worries about the economy and interest rates are on the rise again

Released on 28.09. 2021

  • The Dax is the most important stock index in Germany. Photo: Fredrik von Erichsen

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Frankfurt / Main (dpa) – The German stock market went back into decline on Tuesday. The Dax continued to expand its losses until noon and was last at 1, 10 percent lower at 15. 402, 71 points.

The main negative factors mentioned by stock exchange traders were the impending containment of the previously loose monetary policy of the central banks as well as the ongoing supply bottlenecks.

The MDax of the medium-sized stock market values ​​lost 1. 95 Percent on 34. 586, 00 Counter. The situation was similar on the European stock exchanges, the EuroStoxx 34 as the leading index of the Eurozone last fell by 1. 73 percent on 4093, 52 Points behind.

On the company side, those were again on Tuesday Values ​​under pressure that are considered the winners of the corona crisis. The cook box mail order company Hellofresh, for example, lost 3 percent. Medical stocks such as Merck KGaA and Qiagen each lost around 2 percent.

The medical technology industry, which had been running strong for months, is now on the decline. Shares in the laboratory supplier Sartorius, for example, suffered as one of the worst performers in the Dax, with a discount of a good 2.9 percent. Last in the MDax, Carl Zeiss Meditec fell by 5.9 percent, while Eckert & Ziegler lost 7 percent in the SDax.

The sporting goods manufacturers were also among the bigger losers, Adidas and Puma SE brought it to a minus of 3 and 2 percent respectively. In the wake of the earlier weaker Nasdaq, the technology and chip values ​​also lost across Europe: Infineon and Aixtron were lagging behind, each with around 4 percent in the red. Software companies also went downhill, with Software AG losing more than two and a half percent.

Chemical stocks were among the few winners. Covestro led the Dax with a premium of more than two and a half percent, while BASF gained 1.4 percent.

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