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Germany's benchmark DAX index closes down on Wednesday

Xinhua, November 24, 2016 Adjust font size:

Germany's benchmark DAX index at Frankfurt Stock Exchange dropped Wednesday by 0.48 percent, or 51.41 points, and closed down at 10,662.44 points.

As strong U.S. economic data pushed dollar higher, euro slipped down to more than one year low. However, weak euro didn't help push DAX higher.

While the U.S. stock index Dow Jones benefits from Donald Trump's massive infrastructure plan and hits record high for third straight day, German stock market suffers from probable liquidity squeeze and uncertain future foreign trade policy of U.S. President-elect Trump.

Share prices of Continental, Commerzbank and automaker Daimler Group fell 2.24 percent, 1.74 percent and 1.56 percent respectively, the top three on the drop list of DAX.

Share prices of Chip maker Infineon Technologies, automaker Volkswagen Group and Linde Group rose 2.41 percent, 1.99 percent and 1.15 percent respectively, ranked the top three of the DAX's biggest percentage gainers.

Daimler was the most traded share of the day with a turnover of 289.59 million euros (306.97 million U.S. dollars). Endit