German benchmark DAX index falls on weak economic data
Xinhua, January 10, 2015 Adjust font size:
The benchmark DAX index at the Frankfurt Stock Exchange on Friday lost 189.11 points and closed at 9,648.5 points.
Weak economic data from Germany together with a concern that the Federal Reserve of the United States may make a rate hike earlier than expected on back of strong labor market brought the blue-chip index down by 1.92 percent, according to the German business daily Handelsblatt.
Yet two out of the 30 DAX member shares managed to rise. Henkel AG & Co. KGaA Vz, a home care company, advanced by 0.86 percent. Merck KGaA, a pharmaceutical and chemical company added 0.8 percent.
The two utilities companies RWE AG St and E.ON SE led the fallers' list, down by 3.68 percent and 3.66 percent respectively. Bayer AG slipped by 2.83 percent. LANXESS AG, a specialty chemicals company, lost 2.82 percent.
The turnover stood at 4.07 billion euros (around 4.81 billion U.S. dollars). Daimler AG was the most traded share of the day with a turnover of 376.36 million euros (around 444.35 million U.S. dollars). Endit