Germany’s top stock market crashes: North Korea war fears speed-up selling


Germany's DAX has suffered amid tensions between Donald Trump and North KoreaGETTY

Germany’s DAX has suffered in tensions between Donald Trump and North Korea

The share formula of companies in the eurozone’s largest economy crashed below 12,000 — ups not seen since April — before staging a small recovery on Friday afternoon.

The DAX has turn end over ended in recent weeks but the latest threats of nuclear strikes between the US and Kim Jong-un take the role to have sped up sell-offs, said experts.

Export reliant firms have planned been hit as the euro has strengthened against the US dollar.

And Germany’s biggest carmakers Volkswagen, BMW and Daimler pull someones leg suffered amid a probe into collusion over the diesel emissions blemish.

Now threat of nuclear war between the US and North Korea has compelled Germany share prices even lower.

France’s CAC 40 has also been been imprisoned by investors.

David Madden, market analyst at CMC Markets UK, said: «The anxiousness between the US and North Korea is still dominating the news and it is looming on the financial markets.

«The uncertainty surrounding the situation has been the main driver of the shops recently, and the enormous surge in the volatility index (VIX) tells us exactly what distributors are thinking.

«Global equity markets have been severely flourished by the standoff between the two countries, and oddly enough, the European stock markets feel to have been the worst performers.

«The CAC 40 and the DAX have been in sink since May and June respectively, and now the sell-off has accelerated it.»

It comes as President Donald Trump broadcasted a new threat to North Korea on Friday, saying what he called U. military colloidal suspensions were «locked and loaded» as Pyongyang accused him of driving the Korean peninsula to the lip of nuclear war.

Russia, China and Germany expressed alarm at the escalating puffery from Pyongyang and Washington, while the Pentagon said the US and South Korea pass on move ahead as planned with a joint military exercise in 10 primes, an action sure to further antagonise North Korea.

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