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Germany's benchmark DAX index closes lower

Xinhua, August 23, 2016 Adjust font size:

The benchmark DAX index at Frankfurt Stock Exchange on Monday went down and closed at 10,494.35 points.

Speculations on the interest rate hike of the Federal Reserve brought pressure on euro, pushing the DAX index higher during the intra-day trading. However, falling oil prices weighed on the index, which ended lower, according to local analysts.

Fresenius Medical Care climbed by 1.47 percent. The two utilities companies RWE and EON added 0.69 percent and 0.67 percent respectively. Commerzbank advanced by 0.44 percent and Fresenius, a medical care company, went up by 0.38 percent.

On the other hand, Thyssenkrupp plunged by 3.04 percent. Deutsche Boerse fell by 2.73 percent. Adidas dropped by 1.69 percent. Linde, an industrial gas company, lost 1.06 percent and Siemens went down by 0.98 percent.

Allianz was the most traded share of the day with a turnover of 169.92 million euros (around 192.24 million U.S. dollars). Endit