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Coronavirus: Dax falls by more than ten percent

Due to the spread of the corona virus, the sell-off continues on the stock exchanges, the pandemic leads to panic-like reactions. In Frankfurt am Main, the leading index Dax was down more than ten percent and fell to barely more than 9,300 points, and prices in Paris also fell by more than ten percent.

The European Central Bank (ECB) had decided on an emergency package for banks. However, this did not convince the traders: More and more investors are separating from their shares. Already in the morning the Dax had dropped below the 10,000 point mark for the first time since summer 2016.

The price drop continues on the New York Stock Exchange. The US leading index falls by more than 2000 points. It was 9.3 percent in the minus, which is the biggest minus in more than 32 years. Because the slump is greater than seven percent, trading on Wall Street was temporarily suspended shortly after the start. With a minus of 20 percent, trading for the day would end.

The fear of a major kink in the global economy weighs heavily on other courses. The market-wide S&P 500 also went down by more than seven percent to only around 2500 meters.

The entry ban imposed by the United States for most Europeans also worried investors. American Airlines, Delta and United papers fell by more than ten percent in pre-IPO trading, Spirit Airlines, JetBlue, Alaska Air and Southwest also sank.

More soon on Spiegel.de

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