Tuesday, 02 January 2024 12:17 GMT

German DAX Drops 2.3 Pct Amid Mideast Tensions


(MENAFN- Kuwait News Agency (KUNA)) BERLIN, March 2 (KUNA) -- Germany's benchmark DAX index fell sharply by 2.3 percent at the start of trading on Monday amid mounting tensions in the Middle East.
According to the Frankfurt Stock Exchange, the DAX - which tracks the performance of Germany's 40 largest listed companies - dropped to 24,697 points as markets opened for the week, amid concerns over a potential surge in oil prices due to confrontations involving the United States and Israeli occupation on one side and Iran on the other.
The MDAX index of medium-sized companies declined by 2.7 percent to 30,706 points, while the Euro Stoxx 50 index fell by 2.3 percent. (end)
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Kuwait News Agency (KUNA)

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