Economic concerns cause prices to slip on American stock exchanges – FAZ – Frankfurter Allgemeine Zeitung


thereOn Wall Street, the sell-off mood prevailed on Tuesday. Economic concerns and doubts about the sustainability of the recent trade agreement with China have pushed the most important equity indices to almost 4%. To this was added the fear that Britain could effectively leave the European Union without an agreement. Investors separated in particular with technology stocks. They are considered particularly vulnerable to economic fluctuations.

The main index, Dow Jones Industrial, slipped 3.10 percent to 25.027.07 points. It was the biggest slide since October 10th. At the beginning of the week, the stock market had responded even more relieved that since January they forecast that US tariffs for Chinese goods worth $ 200 billion for the time being were suspended for 90 days. For the S & P 500 market index, it fell Tuesday by 3.24 percent to 2700.06 points less. The Nasdaq 100 technology index fell 3.78% to 6795.21 points.

Due to recent Wall Street sales, investors are withdrawing from the German stock market. The Dax lost to open 1.2 percent on Wednesday at 11,205 points. Stock traders say fears of recession are rampant among investors. In this context, cyclical stocks were among the losers.

The shares of the chemical company Covestro, chip maker Infineon and the ThyssenKrupp industrial group reached 2.3%. In the falling market vortex, Deutsche Bank's shares slipped by 2.4% and were at 7.87 euros as cheap as ever



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