FRANKFURT (dpa-AFX) - After the previous day's recovery, investors got cold feet again. Economic concerns about China contributed to the Dax ultimately losing 0.76 percent to 19,215.48 points on Friday. Over the week as a whole, this resulted in a fall of around 0.2 percent. The MDax of mid-caps rose by 0.23% to 26,590.85 points on Friday.
Investors remained focused on Donald Trump's election victory in the USA and the end of the traffic light coalition in Germany. "The developments in America are exacerbating the difficult situation of the German economy," said LBBW Chief Economist Moritz Kraemer. "However, the now clear path to new elections also offers it new opportunities."
Concerns about the weakening economy in China weighed on sentiment on Friday. Market expert Stephen Innes from asset manager Spi Asset Management pointed to doubts as to whether the Chinese government's economic stimulus measures will be sufficient to offset a tougher approach to the country by the future Trump administration. A massive package is needed for this. Otherwise, there is a risk that the recovery of the Chinese economy will falter again.
The country is an important market for many German companies. As a result, shares from cyclical sectors came under pressure on Friday. These included German chemical and automotive shares, which fell after their recovery the previous day. BASF lost 5.2 percent at the end of the Dax. BMW fell by 3.2 percent./edh/he