Around the World's Markets

FRANKFURT

THE GERMAN stock market extended its fall from recent year highs as traders looked back to the rout on Wall Street yesterday and forward to Fed chairman Alan Greenspan's speech later today.

The DAX-30 index of leading shares ended down 77.12 points, or 1.4 per cent, at 5,414.17 as profit-taking continued among the banks and some high-tech stocks remained weak.

Telecoms group Mannesmann felt the effects of the high-tech slump for the second day, falling 2.1 per cent to 149.80 euros.