FRANKFURT (dpa-AFX) – The blatant weakness on the US technology stock exchange Nasdaq on the previous day also depressed sentiment on the German stock market on Thursday. The leading index Dax lost 0.48 percent to 18,298.72 points, but was able to limit its losses in late trading. At one point, it threatened to fall below the 18,000-point mark. The last time the Dax slipped below this psychologically important support level was in mid-June. The MDax mid-cap index lost 0.43% to 24,951.14 points on Thursday.
The Nasdaq stock market, dominated by the tech heavyweights, had experienced a sell-off the previous day. The losses initially did not continue on Thursday. Investment strategist Michael Winkler from St. Galler Kantonalbank spoke of a “healthy consolidation from an overheated level”. The high price losses showed that investors had high expectations of tech companies’ profits and margins. “This leaves tech stocks…
