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Germany's benchmark DAX index closes down

Xinhua, February 25, 2016 Adjust font size:

The benchmark DAX index at Frankfurt Stock Exchange on Wednesday went down by nearly 250 points and closed at 9,167.8 points.

Local analysts here attributed the slump mainly to the falling oil prices. The blue-chip index plunged by 248.97 points, or 2.64 percent.

Fresenius, a medical care company, was the only one among the 30 DAX member shares which has managed to rise. It added 3.43 percent.

On the other hand, Volkswagen slumped by 4.65 percent. Infineon Technologies, a semiconductor producer, slipped by 4.59 percent. Continental fell by 4.57 percent. Daimler slid by 4.09 percent. BMW went down by 4.02 percent.

Daimler was the most traded share of the day with a turnover of 361.61 million euros (around 398 million U.S. dollars). Endit