After an attack by Russian troops on a Ukrainian nuclear power plant, the price slide on the German stock market continues.

The Asian markets had previously given way massively.

The Dax fell by 1.46 percent on Friday morning to 13,498.18 points.

Even if the fire in the largest European nuclear power plant in the Ukraine has been extinguished and no increased radiation exposure can be measured, the incident on the market evokes fears of a nuclear catastrophe, wrote Jochen Stanzl from CMC Markets.

"The longer this war lasts, the days and weeks with minus signs on the Frankfurt Stock Exchange are likely to continue."

Dax falls to where it was a year ago

Since Russia invaded Ukraine last week, the war has weighed heavily on stock prices.

The Dax is now back to where it was more than a year ago.

From a technical point of view, according to the Helaba experts, there is now “hardly any hope” for the leading German index: the next support can now be found at the 2021 annual low at 13,310 points.

The M-Dax of medium-sized stocks fell by 0.97 percent on Friday morning to 30,039.25 points.

The Eurozone leading index Euro Stoxx 50 fell by 0.99 percent to 3704.61 points.

weaker euro

The euro goes down at the end of the week.

The shared currency fell as much as 0.5 percent to $10.08, marking its lowest level since May 2020.

The dollar index advanced 0.3 percent to 98.08 digits.

An American central bank, the Fed, which leaves no doubt that it wants to fight inflation, and a hesitant ECB, whose situation hasn't exactly been made easier by the Ukraine war, are likely to continue to speak in favor of falling euro prices, write the analysts at Commerzbank.

Weak specifications from Asia

Markets in Asia had also softened as oil prices soared.

“Markets are worried about nuclear fallout.

The risk is that there will be a misjudgment or overreaction and the war will prolong,” said Vasu Menon, investment strategist at OCBC Bank.

Investors therefore shied away from the risk.

The MSCI index of Asian stocks ex-Japan fell 1.6 percent to its lowest level since November 2020. On the Tokyo stock exchange, the 225-stock Nikkei index fell more than two percent to 26,021 points.

The broader Topix index fell 1.9 percent to 1847 points.

The Shanghai stock exchange was down 0.4 percent.

The index of the most important companies in Shanghai and Shenzhen lost 0.7 percent.