Tue, 20 Oct 2020

German shares plunge 4.37 pct Monday

22 Sep 2020, 03:18 GMT+10

FRANKFURT, Sept. 21 (Xinhua) -- German shares plunged on Monday, with the benchmark DAX index down 573.81 points, or 4.37 percent, to close at 12,542.44 points.

All DAX 30 shares lost. Deutsche Bank lost 8.76 percent, the top loser among the blue chips, followed by aircraft engine manufacturer MTU Aero and multinational building materials company HeidelbergCement, which lost 7.97 percent and 7.85 percent respectively.

Manufacturing and electronics company Siemens was the most traded share of the day with a turnover of 374.57 million euros (441.51 million U.S. dollars).

China's Haier, a leading global household appliances manufacturer listed in Frankfurt in 2018, lost 3.41 percent to close at 0.760 euros per share on Monday.

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