Stock exchange in Frankfurt: Dax turns positive

Given the ongoing tensions between China and the US over Taiwan, investors continue to drive with the handbrake on and on sight.

Stock exchange in Frankfurt: Dax turns positive

Given the ongoing tensions between China and the US over Taiwan, investors continue to drive with the handbrake on and on sight. After all, the leading index Dax turned positive after initial losses, which was last 0.23 percent to 13,79.73 points.

In the face of threats from China, US House Speaker Nancy Pelosi pledged US support for democratic Taiwan. In a joint appearance with President Tsai Ing-wen in Taipei on Wednesday, the US leader said that the US will "always stand by Taiwan".

The MDax of medium-sized companies increased significantly more than the Dax on Wednesday by 1.5 percent to 27,789.91 points. The leading eurozone index, the EuroStoxx 50, gained around half a percent.

Weak quarterly reports from BMW and Siemens Healthineers also caused disillusionment among investors. While BMW shares fell 5 percent and Mercedes-Benz also dragged down, Siemens Healthineers also lost 5 percent. The manufacturer of medical technology did not go down well with a significant drop in profits in the third fiscal quarter.

Vonovia's shares rose in price by 1.8 percent. Investors were pleased that the real estate group is likely to make billion-dollar sales in the coming years. Infineon wants to be more profitable in the current fiscal year, which investors acknowledged with a price increase of 2.3 percent.

In the second row, Commerzbank rose by 2 percent. Traders and analysts praised the bank's business figures, which also want to become more profitable in 2024.

Delivery Hero's shares rose 7.9 percent to their highest since February after counterpart Just Eat Takeaway reiterated full-year targets. Its shares gained 6 percent.

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