German Stock Investors See $400 Billion Vanish as DAX Slumps
- DAX heading for first back-to-back quarterly losses since 2009
- ``Investors overreacted,'' Bankhaus Lampe strategist says
This article is for subscribers only.
German stocks are falling at a rate not seen since Europe’s sovereign debt crisis.
The nation’s equity market has lost almost $400 billion in value from a high in April as the DAX Index heads for its first back-to-back quarterly declines since the start of 2009. Hit first by a rebounding euro and the Greek crisis, the losses accelerated in recent weeks as concern over a Chinese slowdown escalated and automakers tumbled after Volkswagen AG admitted cheating on emissions tests in some of its diesel cars.