German stocks dive on fresh tension in Middle East

Published October 15th, 2000 - 02:00 GMT

Share prices on the Frankfurt stock exchange plunged into negative territory on Thursday afternoon as a result of nervousness about increased tension in the Middle East, the sharp rise in oil prices and the decline on Wall Street, traders said. 

 

By late afternoon, the DAX blue-chip index was showing a loss of 1.53 percent on the day at 6,465.19 points 

The NEMAX 50 index of the Neuer Markt of high-growth stocks was down 2.23 percent at 4,259.54 points. 

 

"Today's events (in the Middle East) are definitely a source of concern for the markets," one trader said. 

Israel on Wednesday renewed attacks in the Palestinian territories and in Aden, an inflatable raft rammed a US destroyer, triggering an explosion which killed at least four sailors. – (AFP) 

 

© Agence France Presse 2000 

 

© 2000 Mena Report (www.menareport.com)

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