German DAX plunges on weaker global manufacturing activity

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Source: Dukascopy Bank
German DAX index fell sharply on Monday as political pressure in the Netherlands and France amid contracting manufacturing activity both in China and Euro Zone fuelled fears about deepening Euro Area crisis. All 30 shares posted losses within the German benchmark index. Among major decliners were Heidelbergcement and Commerzbank each dropping 6.5%. BMW AG sank 3.8% after its sales chief Ian Robertson predicted revenue growth in China will slow in upcoming months. At the moment of writing DAX 30 is 3.53% or 239.23 points down at 6,510.76. 

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Tue, 24 Apr 2012 05:36:27 GMT

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