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Germany's benchmark DAX index slumps

Xinhua, June 16, 2015 Adjust font size:

The benchmark DAX index at the Frankfurt Stock Exchange on Monday slumped by nearly 2 percent due to the deadlock of negotiations on the Greek debt issue.

The negotiations on the Greek debt issue in Brussels failed to produce any result on Sunday. The blue-chip index slumped and lost 211.52 points, or 1.89 percent and closed at 10,984.97 points.

LANXESS AG, a leading specialty chemicals company, was the only one among the 30 DAX member shares which was spared a loss. It added 0.52 percent.

Commerzbank AG dropped the most by 2.89 percent. HeidelbergCement AG lost 2.87 percent. Deutsche Bank AG slipped by 2.6 percent. Bayer AG slid by 2.59 percent and Deutsche Telekom AG went down by 2.47 percent.

The turnover stood at 3.43 billion euros (around 3.85 billion U.S. dollars). Daimler AG was the most traded share of the day with a turnover of 295.63 million euros. Endite