Germany’s benchmark DAX index closes down

Frankfurt, April 6 (IANS) The benchmark DAX index at the Frankfurt stock exchange closed down by 2.63 percent.

Worries about the interest rate hikes in the US and weak economic data in Germany were blamed for the correction of the DAX index that lost 258.72 points and closed at 9,563.36 points on Tuesday, Xinhua news agency reported.

A total of 29 among the 30 DAX member shares suffered losses. Henkel, which operates in business areas including laundry and home care and beauty care, rose by 0.07 percent.

Deutsche Bank slumped by 5.07 percent. Continental fell by 4.97 percent. The utilities company RWE dropped by 4.83 percent. Thyssenkrupp lost 4.65 percent. Volkswagen plunged by 4.01 percent.

Daimler was the most traded share of the day with a turnover of 493.32 million euros (around $561.81 million).

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