Stock exchange in Frankfurt: Escalation of the conflict over Taiwan burdens Dax

Tensions between the US and China over Taiwan pushed prices down on the German stock market on Tuesday.

Stock exchange in Frankfurt: Escalation of the conflict over Taiwan burdens Dax

Tensions between the US and China over Taiwan pushed prices down on the German stock market on Tuesday. The Dax fell in early trading by 0.67 percent to 13,389.21 points. After a strong month on the stock market in July, the leading index had stagnated on the previous day.

According to information from the parliament in Taipei, the chairwoman of the US House of Representatives, Nancy Pelosi, is expected in Taiwan in the democratic island republic. It would be the highest-ranking visit by a US politician to Taiwan, which Beijing's communist leadership sees as part of the People's Republic of China, in a quarter of a century. With the visit to Taipei, Pelosi would ignore warnings from Beijing, which also threatened possible military countermeasures.

The MDax of medium-sized companies lost 0.69 percent to 27,238.14 points. The leading eurozone index, the EuroStoxx 50, was down 0.7 percent.

The quarterly reports continue to move the prices of the individual values. Despite a higher sales forecast from Symrise for this year, shares in the fragrance and flavorings manufacturer fell 2.3 percent. The badly battered Covestro shares rose by 1.1 percent according to detailed quarterly figures. Siemens Energy lost 2.6 percent after wind power subsidiary Siemens Gamesa again lowered its earnings forecast.

Delivery Hero shares benefited from a buy recommendation from JPMorgan with a premium of 1.2 percent. The shares of the plant manufacturer Krones rose by 1.9 percent after optimistic statements about profitability. Bankhaus Metzler recommended buying here.

Yorum yapabilmek için üye girişi yapmanız gerekmektedir.

Üye değilseniz hemen üye olun veya giriş yapın.

NEXT NEWS