The attempt to stabilize the German stock market this Wednesday has failed. After a cyber attack on government websites in Ukraine and on some banks, the Dax turned negative in the afternoon.
With a minus of 0.42 percent to 14,631.36 points, the German stock market barometer ended trading just above the daily low it had reached shortly before.
In six trading days with heavy losses, the leading index fell by almost 800 points or just over five percent in the wake of the conflict over Ukraine.
The MDax of medium-sized stocks fell by 0.95 percent to 31,887.11 points in the middle of the week, while the EuroStoxx 50 ended up with minus 0.30 percent at 3973.41 points.
As the Ukrainian Minister for Digital Transformation announced in the afternoon via the electronic communication platform Telegram, there was another cyber attack in Ukraine. Such attacks had already taken place at the end of January and last week. In addition, Ukraine declared a nationwide state of emergency after Russian President Vladimir Putin on Monday recognized the independence of the separatist regions of Donetsk and Luhansk in eastern Ukraine and ordered the deployment of Russian soldiers.
In the leading index, the shares of the VW investment company Porsche SE increased by a further 4.6 percent after having shot up by a little more than eleven percent the day before. The prospect of an IPO for the sports car subsidiary Porsche AG, which is part of the VW Group, gave further impetus.
VW, on the other hand, fell by 0.9 percent. Europe’s largest automaker is concerned about the escalating conflict between Russia and Ukraine and thus also about the situation in its markets and employees in Eastern Europe. The entire region of Central/Eastern Europe is an important sales market for the world’s second largest car company.
Uniper’s shares in the MDax also fell in view of the disputes with Russia. They lost 9.3 percent, the power producer does a significant share of the business in Russia and is a co-financer of the Nord Stream 2 gas pipeline, which has been put on hold.
Speculations about a takeover of the online broker Flatexdegiro caused the SDax to rise by 16.7 percent. The day before, however, it had fallen to its lowest level since the end of 2020.
The euro exchange rate fell until the evening. The common currency last cost 1.1318 US dollars. The European Central Bank set the reference rate at 1.1344 (Tuesday: 1.1342) dollars. The dollar thus cost 0.8815 (0.8817) euros.
Prices fell on the bond market, the Rex bond index lost 0.23 percent to 141.32 points. The current yield rose to 0.13 percent from 0.08 percent the previous day. The Bund future rose by 0.05 percent to 165.97 points. (dpa)