x
The renewed tensions between the USA and China have stopped the stock rally. After five consecutive winning days, the Dax went into the Pentecost weekend with losses. May was nevertheless a splendid month on the stock exchange.
Who the old stock exchange wisdom "Sell in May and go away!" heeded, the price gains escaped. Because May turned out to be a real bliss month for stocks. The Dax rose by around 6.7 percent - and at times climbed to the highest level since the beginning of March. From a weekly perspective, the leading German index jumped 4.6 percent.
"It was foreseeable that the latest euphoria would be dampened," said market expert Andreas Lipkow from Comdirect Bank. The hope of a rapid V-shaped economic recovery after the corona shock had recently driven the prices strongly. New geopolitical problems were ignored.
Now, however, the emerging new tensions between the USA and China because of Hong Kong make investors nervous. Wall Street continued the previous day's losses on Friday. The Dow was down a good one percent two hours before the close of trading. The broader S&P 500 fell 0.4 percent to 3,017 points. Only the index of the Nasdaq technology exchange braced the downward trend.
