Around the World's Markets: Frankfurt

Monday 28 September 1998 23:02 BST

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GERMAN STOCKS see-sawed as the Social Democrats' (SPD) election victory over former chancellor Helmut Kohl added to market volatility.

But a stronger start on Wall Street carried most shares into positive ground, although German utilities remained weak on fears of higher taxes from a SPD/Green Party alliance. The electronic Xetra DAX index closed more than 2 per cent higher at 4,677.56. Analysts said a strong impact from the alliance was unlikely.

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