The Frankfurt (Germany) stock market continues its downward slide. The DAX lost 3.9 percent in the afternoon at 5988 meters, while the MDAX emits 6.1 percent to 8575 points. The TecDAX lost 4.2 percent to 687 points.

The decline in recent days adds up to more than 17 percent. This is the biggest fall in prices since the turmoil following the bankruptcy of  the U.S.  investment bank Lehman Brothers in 2008.

In the morning it had temporarily looked like a recovery – the German benchmark index could make up for its opening losses and was for several minutes in the black. However, then the pessimists gained the upper hand again and the DAX slipped below 6000 points.

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About the author

Claudia Sondergaard
Specialised in American foreign policy media discourse, I have a real passion for media and writing and feel comfortable in subjects such as human rights, politics, environment, social issues, movies, TV and books. Reporting from Denmark. Follow me @swirlgirlversus