FRANKFURT (dpa-AFX) – The DAX came under pressure on Tuesday in a weak stock market environment. In early trading, the leading German index fell 1.58 percent to 23,751 points. This meant that the positive start to the week following the previous period of weakness turned out to be a flash in the pan. The MDAX index of medium-sized companies lost 1.45 percent to 29,403 points, and its eurozone counterpart, the EuroStoxx 50, fell by 1.4 percent.
On Monday, the DAX had already bounced off the 21-day line, which is important for the short-term trend, and had only managed to hold on to part of its gains. Now, new news about the important chip manufacturer Nexperia, which belongs to the Chinese Wingtech Group, was weighing on sentiment.
After the Netherlands took control of Nexperia at the end of September, China stopped the export of chips from Nexperia’s factories in China. At the beginning of the week, there were signs…
