Adidas Shares Under Pressure After Government Aid

Adidas share

Adidas shares Down For Coronavirus:


The Frankfurt airport operator Fraport has been hit by a travel slump due to the corona crisis. Fraport shares are still more than 1 per cent higher.

Unrest in the chip sector and at Adidas:


According to the Dutch chip supplier ASML, demand is still quite good. Nevertheless, ASML does not want to give an outlook for the current year due to the corona uncertainties.

This also puts the Munich chip manufacturer and Dax group Infineon in the spotlight. Infineon shares are more than 1.5 per cent lower.

The German stock index Dax is also down somewhat. The Dax loses around 0.5 per cent to 10625 points.

Shares in the Bavarian sporting goods manufacturer Adidas lose around 2 per cent after the federal government has pledged a billion-dollar loan from the state-owned KfW bank to get through the corona crisis. The dividend will be cut at Adidas.


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