Germany's benchmark DAX index closes down

The benchmark DAX index at the Frankfurt Stock Exchange on Wednesday lost more than 100 points and closed at 10,845.24 points.

Largely due to the escalation of the scandal of Volkswagen, the blue-chip DAX index entered a correction stage, according to local analysts. It plunged by 105.91 points.

Beiersdorf Aktiengesellschaft, a skin care company, which went down by 1.16 percent on Tuesday, recovered and gained 2.9 percent. Deutsche Lufthansa AG continued to rise, with an increase of 1.77 percent. The two utilities companies RWE AG St and E.ON SE each advanced by 1.72 percent and 0.58 percent, respectively, and adidas AG rose by 1.16 percent.

Volkswagen AG Vz, which is currently in the storm eye due to the emissions cheating scandal, slumped by 9.5 percent. Deutsche Boerse AG lost 2.79 percent. Fresenius Medical Care AG & Co. slipped by 2.76 percent. Fresenius SE & Co. KGaA, a health care company, plunged by 2.37 percent. Daimler AG declined by 2.08 percent.

The turnover stood at 4.14 billion euros (around 4.55 billion U.S. dollars ). Volkswagen AG Vz was the most traded share of the day with a turnover of 546.39 million euros (around 600.44 million U.S. dollars). Endit