Around the World's Markets: Frankfurt

LEADING GERMAN shares wiped out Monday's rebound as concerns about a possible US interest rate hike continued to play havoc with European markets. The DAX 30 ended down 21.82 points at 5,107.68.

The DAX has fallen some 10 per cent since its year high on 12 July and dealers said it could fall even more should the rate worries get the most of Wall Street. "I think if the US continues down the DAX will have to follow it," said one.