{"id":14646,"date":"2021-10-04T08:57:32","date_gmt":"2021-10-04T08:57:32","guid":{"rendered":"https:\/\/www.pantheregroup.com\/2021\/10\/04\/dax-slides-on-evergrande-concerns\/"},"modified":"2021-10-04T08:57:32","modified_gmt":"2021-10-04T08:57:32","slug":"dax-slides-on-evergrande-concerns","status":"publish","type":"post","link":"https:\/\/www.pantheregroup.com\/2021\/10\/04\/dax-slides-on-evergrande-concerns\/","title":{"rendered":"DAX Slides On Evergrande Concerns"},"content":{"rendered":"<p> \n<\/p>\n<div id=\"divBody\">\n<div id=\"ctl00_CPI_dvBody\">\n<p> German stocks declined on Monday amid worries about China&#8217;s property sector after troubled property developer China Evergrande&#8217;s shares were suspended from trading in Hong Kong following reports that another major developer was planning to buy its property management unit.<\/p>\n<p>Debt-laden Evergrande missed a key interest payment for the second time last week as it struggles to refinance over $300 billion in liabilities.<\/p>\n<p>The benchmark DAX dropped 82 points, or half a percent, to 15,074 after declining 0.7 percent on Friday. <\/p>\n<p>Banks led losses, with Deutsch Bank falling more than 2 percent. Automaker Daimler lost 1.4 percent and Volkswagen gave up 1.5 percent. <\/p>\n<p>Deutsche Lufthansa AG was down about half a percent. The airline announced 130 additional flights to sunny destinations for the upcoming autumn holidays, citing increasing demand. The additional flights to leisure destinations are from Frankfurt and Munich. <\/p>\n<\/p>\n<p>Market Analysis<\/p>\n<\/div><\/div>\n<p><script type=\"text\/javascript\">\n        window.fbAsyncInit = function () {\n            FB.init({\n                status: true,\n                cookie: true,\n                xfbml: true\n            });\n        };\n        (function (d) {\n            var js, id = 'facebook-jssdk'; if (d.getElementById(id)) { return; }\n            js = d.createElement('script'); js.id = id; js.async = true;\n            js.src = \"https:\/\/connect.facebook.net\/en_US\/all.js\";\n            d.getElementsByTagName('head')[0].appendChild(js);\n        }(document));\n    <\/script><br \/>\n<br \/>\n<br \/>DAX Slides On Evergrande Concerns<\/a><br \/>\n<br \/>2021-10-04 08:57:32<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>German stocks declined on Monday amid worries about China&#8217;s property sector after troubled property developer China Evergrande&#8217;s shares were suspended from trading in Hong Kong following reports that another major&#8230;<\/p>\n","protected":false},"author":2,"featured_media":14647,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[29],"tags":[],"class_list":{"0":"post-14646","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-euro-markets"},"_links":{"self":[{"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/posts\/14646","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/comments?post=14646"}],"version-history":[{"count":0,"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/posts\/14646\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/media\/14647"}],"wp:attachment":[{"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/media?parent=14646"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/categories?post=14646"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/tags?post=14646"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}