Around the World's Markets: Frankfurt

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GERMAN shares fell across the board, with the key DAX index ending down 193.5 at 5038.1."It is only a question of time until we see the index below the 5,000 level. I am really worried," one trader said.

Banks continued their massive losses of previous days, while the business- software giant SAP was also down sharply on news it is being in the US for $500m by a drug distributor. The company said it would fight the allegations.