Germany’s benchmark DAX index rebounds

Frankfurt, Jan 6 (IANS) The benchmark DAX index at Frankfurt Stock Exchange on Tuesday rebounded slightly by 26.66 points, or 0.26 percent, on the basis of over four percent plunge of the previous day.

The blue-chip index opened nearly 100 points higher than the previous trading day’s closing, yet then fell sharply to the day’s lowest level of 10,173.52 points, before the index recovered in the afternoon and closed up at 10,310.10 points, reports Xinhua.

The US Department of Justice on Monday filed a civil lawsuit against Volkswagen for allegedly violating the Clean Air Act by installing illegal devices to impair emission control systems in nearly 600,000 diesel cars, which might result in billions of penalties for that German largest automobile manufacturer.

Consequently, the share price of Volkswagen on Tuesday fell the most by 3.96 percent, followed by K+S and Infineon.

Healthcare company Fresenius Med Care advanced the most by 5.87 percent, followed by Lufthansa and RWE, whose share price added by 3.11 percent and 2.11 percent respectively.

Volkswagen was the most traded share of the day with a turnover of around $394.01 million.

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