Stock exchange in Frankfurt: Dax continues to weaken - corona concerns from China weigh on

On the penultimate trading day of 2022, weak targets from overseas stock exchanges pushed the German stock market a little further below the 14,000 point mark.

Stock exchange in Frankfurt: Dax continues to weaken - corona concerns from China weigh on

On the penultimate trading day of 2022, weak targets from overseas stock exchanges pushed the German stock market a little further below the 14,000 point mark. Concerns about rapidly increasing corona infections in China had weighed on the US stock exchanges the day before. On Thursday morning, the big stock exchanges in Asia followed, and now the most important European stock markets.

In early trading, the leading German index fell by 0.22 percent to 13,894.10 points. The MDax of medium-sized companies fell by 0.65 percent to 25,036.47 points. The Eurozone leading index EuroStoxx 50 lost 0.28 percent to 3798.14 points. However, trading volumes remained low.

According to Stephen Innes, Managing Partner at SPI Asset Management, China's opening up after three years of state-imposed isolation should actually be a blessing for the global economy. A deep recession should thus be averted and the mood for many financial investments should improve again after a tough year. Instead, the economically motivated departure of the Chinese leadership from the previously strict corona measures is causing new headaches because of the explosive number of infections.

Among the individual values, shares in telecom companies weakened. Especially those from 1

The "Frankfurter Allgemeine Zeitung" reported on an internal document from Deutsche Telekom, according to which the auction of mobile phone frequencies in 2024 could "be extremely expensive" for network operators because 1

In the Dax, Sartorius shares were largely in line with the market at minus 0.1 percent. As the laboratory supplier announced, he is making faster progress with his growth plans and is about two years ahead of his own plan. 2022 was the third year of an intensive growth phase, "that was a very successful phase," said CEO Joachim Kreuzburg of the dpa.

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