FRANKFURT (dpa-AFX) – The German stock market slumped on Tuesday after negative cues from the US and Asian stock markets. After the recent stabilization, the Dax fell below the 19,000-point mark in early trading, down 0.72 percent to 18,966.25 points. The MDax of medium-sized companies lost 0.42 percent to 26,627.89 points. The EuroStoxx 50, the leading index in the eurozone, fell by around 0.9 percent to 4,925.62 points.
Wall Street turned sharply lower in the course of trading on Monday. China’s mainland stock markets returned from the holiday break with visually significant gains. However, Borsians were not satisfied with the catch-up rally, as demand ebbed away practically from the start of trading. Hong Kong’s Hang Seng Index, which was not on holiday recently, slumped by 10 percent at times and was last down 7 percent./edh/stk
