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Germany's benchmark DAX index down on Monday

Xinhua, November 29, 2016 Adjust font size:

The benchmark DAX index at Frankfurt Stock Exchange on Monday fell 116.60 points, or 1.09 percent, and closed at 10,582.67 points.

German investors focused on Italy's constitutional referendum, which was considered comparable to the Brexit vote, and whose failure could send tremendous shockwaves through European financial markets and banking system.

Before the referendum on Sunday, investors flocked to safety and dragged the market down on Monday.

Germany's top two banks Commerzbank and Deutsche Bank dropped the most by 3.09 percent and 2.49 percent.

German residential real estate company Vonovia advanced the most by 0.70 percent, benefiting from rising demand for affordable housing and accelerating price dynamic.

Bayer was the most traded share of the day with a turnover of 187.36 million euros (about 198.6 million U.S. dollars). Endit