German benchmark DAX index falls on weak economic data
DAX index
Frankfurt - XINHUA
The benchmark DAX index at the Frankfurt Stock Exchange on Friday lost 189.11 points and closed at 9,648.5 points.
Weak economic data from Germany together with a concern that the Federal Reserve of the United States may make a rate hike earlier than expected on back of strong labor market brought the blue-chip index down by 1.92 percent, according to the German business daily Handelsblatt.
Yet two out of the 30 DAX member shares managed to rise. Henkel AG & Co. KGaA Vz, a home care company, advanced by 0.86 percent. Merck KGaA, a pharmaceutical and chemical company added 0.8 percent.
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