Date: 2 months ago   Category: Economy

The Frankfurt exchange dropped in a day by 3%, having shown the worst result in two years


The main index of the Frankfurt exchange DAX covering 30 largest joint stock companies of Germany because of fear of aggravation of the trade conflict between the USA and China dropped on Thursday approximately by 3% (in the moment falling was 3.48%), and reached 1085420 points that is the worst indicator, since December, 2016.

As writes the Spiegel edition, the collapse was promoted in many respects by detention of the finance director of the Chinese telecommunication company Huawei Meng Wanzhou who was detained in Canada and is subject to delivery of the USA in connection with charges of violation of sanctions across Iran.

"Along with concern is relative Brexit and prospect of the fact that Theresa May on the next Tuesday, with a high share of probability, will face in the British parliament political Waterloo, hopes for "truce" between the USA and China in the trade conflict turn into dust", - Jens Klat, the expert of the German company JK Trading noted. we Will note

that a padaniye also the American markets opened. The American industrial Dow Jones index on Wednesday by 11:40 (18:40 across Kiev) failed on 671 points, or for 2.74% to mark 24341. The S&P 500 index which includes stocks of 500 largest companies of the market of the USA also went down for 2.48%, or on 66 points, to 2634, and the index of the electronic exchange NASDAQ fell to 134 points, or for 1.85%, up to 7026.

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