Börse Express – FOCUS ON SHARE: Statements about weakness in China burden Adidas somewhat

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For a short scare and
Price losses have statements from Adidas on Wednesday to
the business in China. A recent significant decline in
Activities in the important market for the corona virus
pushed the papers down by up to 3.3 percent – and pulled too
Puma shares down 3 percent.

Adidas thus briefly slipped below the 200-day line as
Indicator of the longer-term trend. But he quickly recovered
Course again and was last at 0.8 percent in the red. Similar
was the movement at Puma, which recently hardly gave way.

Because of the corona virus, Adidas is a significant number
own and partner shops are currently closed. In the other stores
the customer volume has also decreased significantly. The
Business activity in China has therefore been in China
New Year’s Day on January 25th is about 85 percent below the previous year’s level.

Traders noted that the weak business in China was by many
Market players were expected. So the share price from
Record high in mid-January to early February at around eleven
Percent yielded. In addition, the company made the assumptions for the
So far, the whole year has not been reduced. / Bek / jha /

dpa-AFX Broker – the trader news from dpa-AFX

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AXC0125 2020-02-19 / 09:50

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