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Germany's benchmark DAX index closes down

Xinhua, September 12, 2015 Adjust font size:

The benchmark DAX index at Frankfurt Stock Exchange on Friday dropped by almost 90 points and closed above 10,000 points.

Investors were restraint under selling pressure and the blue-chip index lost 86.88 points and closed at 10,123.56 points. Speculations about the possible move by the Fed with regard to the interest rate hikes still run high, according to local analysts.

HeidelbergCement AG and Deutsche Lufthansa AG managed to rise slightly, up by 0.76 percent and 0.04 percent each.

The two utilities companies E.ON SE and RWE AG St dropped the most, down by 4.36 percent and 3.37 percent. LANXESS AG, a specialty chemicals company, slipped by 2.21 percent. Infineon Technologies AG, a semiconductor producer, slid by 2.15 percent. Deutsche Boerse AG plunged by 1.89 percent.

The turnover stood at 2.59 billion euros (around 2.93 billion U.S. dollars). E.ON SE was the most traded share of the day with a turnover of 216.47 million euros. (1 euro = 1.13 U.S. dollars). Enditem