FRANKFURT (dpa-AFX) – The German stock market came under significant pressure on Tuesday. The DAX slid well below the psychologically important 24,000-point mark, which it had only reclaimed the previous day. Ultimately, the blue-chip index closed down 2.29 percent at 23,487.33 points, noticeably below its 100-day moving average–a key medium-term trend indicator. With numerous risks and rising interest rates, investors are becoming more cautious in light of the high valuations reached. The MDAX of mid-cap stocks plunged 2.76 percent to 29,604.64 points.
“September seems to be living up to its reputation,” commented market observer Andreas Lipkow, referencing the often gloomy track record of the newly started month. “Many new risk clusters are currently forming, which could still cause considerable volatility in the financial markets.” Lipkow pointed to the economic impact of US tariffs and the failed peace attempt in…
