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Germany's benchmark DAX index climbs up slightly

Xinhua, October 7, 2015 Adjust font size:

The benchmark DAX index at Frankfurt Stock Exchange rose slightly on Tuesday and closed up at 9,902.83 points.

German industrial orders fell unexpectedly in August mainly due to weak demand outside the euro area, which made investors sway between two factors influencing current stock market: the growth of the largest economic power in eurozone might slow down, while the record low level of interest rates might remain for certain period of time. The blue-chip index was slightly up by 88.04 points, or 0.9 percent.

The manufacturing giants of German automobile industry advanced dramatically, showing that mainstay of the country's economy somewhat recovered from the Volkswagen emission scandal. Volkswagen AG Vz and Daimler AG as leading risers went up by 3.82 percent and 2.50 percent respectively, besides Continental AG climbed up by 1.54 percent.

RWE AG St, Fresenius SE & Co. KGaA and Merck KGaA were the top-three fallers, with dropping by 1.87 percnt, 0.7 percent and 0.42 percent respectively.

The turnover fell to 3.47 billion euros (around 3.91 billion U.S. dollars). Volkswagen AG Vz was the most traded share of the day with a turnover of 310.11 million euros (around 349.21 million U.S. dollars). Enditem