The German stock market fell sharply on Wednesday for the first time in months. After a cautious start, the DAX accelerated its downward trend in the afternoon and temporarily fell below the 16,500 point mark. The continued weakness of US stock markets was a burden. Profits were taken there after the strong year-end rally, which also dampened the mood on Europe's stock markets.
Ultimately, the DAX lost 1.38 percent to 16,538.39 points after narrowly missing another record high the day before. The MDax of the 50 medium-sized stock exchange stocks ended the day with a loss of 2.18 percent to 26,252.13 points. Things were hardly different across Europe. In the USA, where the Nasdaq technology exchange in particular had fallen sharply the day before, things recently went down a little further.