BUSINESS German shares lose 4.17 pct Wednesday

BUSINESS

German shares lose 4.17 pct Wednesday

Xinhua

07:10, October 29, 2020

FRANKFURT, Oct. 28 (Xinhua) -- German shares lost on Wednesday, with the benchmark DAX index down 503.06 points, or 4.17 percent, to close at 11,560.51 points.

Semiconductor manufacturer Infineon Technologies lost the most among the blue chips, down by 7.61 percent, followed by chemical group BASF and personal-care company Beiersdorf, which lost 6.73 percent and 6.49 percent respectively.

European multinational online food-delivery service Delivery Hero was the only winner, rising 1.67 percent.

Multinational software corporation SAP was the most traded share of the day with a turnover of 1.11 billion euros (1.30 billion U.S. dollars).

China's Haier, a leading global household appliances manufacturer listed in Frankfurt in 2018, lost 0.20 percent to close at 0.759 euros per share on Wednesday. 

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