Germany’s DAX index performed poorly

The benchmark DAX index at the Frankfurt Stock Exchange on Tuesday went down by over 170 points and closed at 9,581.04 points.

stock market
stock market

Oil prices fell on Tuesday, which weighed on the hope of people of a turnaround of the low oil prices, according to local analysts. The blue-chip DAX index fell sharply by 176.84 points, or 1.81 percent.

stock market
stock market

Only two of the 30 DAX member shares advanced. Beiersdorf, a skin care company, rose by 0.66 percent and Vonovia, a real estate company, added 0.61 percent.

On the other hand, ThyssenKrupp slumped by 6.02 percent. Infineon Technology, a semiconductor company, plunged by 5.75 percent. K+S AG, a supplier of standard and specialty fertilizers, fell by 5.3 percent. Commerzbank lost 4.65 percent and Deutsche Bank slipped by 3.89 percent.

Daimler was the most traded share of the day with a turnover of 349.61 million euros (around 379.68 million U.S. dollars). Enditem


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