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Word Count: 298
FRANKFURT 20th of October The sharp fall in prices that hit the New Yorks Wall Street on Monday triggered on Tuesday a large selling-wave in all the international stock markets In many financial markets it also caused a hectic rush turbulence and on various occasions panic The opening times of the stock market had to be extended During the course of the day though towards the closing of the interest rates-market stabilisation emerged in some markets In the loans-market there was an exceptionally large market gain and Frankfurts pensions market boomed The Dow Jones-Index for 30 American industrial stocks after falling on Monday by 508 points subsequently climbed on Tuesday by almost 200 points and then fell below the previous days performance level The price of the dollar gained in Frankfurt from 17740 to 17980 German Marks The price of gold usually used as a crisis-indicator dropped from 481 to 46430 In Frankfurt the stock prices were mostly positioned about 10 lower some of the national investing institutions used the opportunity to purchase at the reduced level before anyone from abroad would do so The information about sales was very variable At the opening of the official stock market many stocks were still traded at notably lower prices for some securities like BASF and Hoechst there was however market profit of more than 5 The unclear situation increased nervousness and caused a hectic rush In the course of the market session which was extended by half an hour prices experienced large fluctuations When compared with the closing prices clear losses dominated although there were some profits There was a frequent rumour that the situation had stabilised After the mood in the American loans market distinctively improved the prices of the German state loans increased by 2 percentage points In official trade the prices jumped afterwards up to 395 points
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