Deutsche Boerse cancels DAX expansion event due to COVID situation By Reuters

© Reuters. FILE PHOTO: A general view shows the German stock exchange (Deutsche Boerse) in Frankfurt, Germany, February 12, 2019. REUTERS/Kai Pfaffenbach

FRANKFURT (Reuters) – German stock market operator Deutsche Boerse (DE:) said on Monday it was canceling an event on September 20 to celebrate the country’s plans to expand its benchmark, with the reason is an increasing number of coronavirus infections.

“We recognize that due to the significant increase in COVID-19 cases in the Rhine-Main metropolitan area, the timing may not be appropriate for a broader, face-to-face meeting, convening members Index members, investors and media from all over Germany,” the company said.

“The health of our guests, colleagues and employees comes first.”

The cancellation comes a day after the end of the IAA (NYSE: Munich) auto show, which attracted 400,000 visitors and took place under stricter security conditions to prevent the spread of the virus.

The number of confirmed coronavirus infections in Germany has increased by 5,511, data from the Robert Koch Institute (RKI) for infectious diseases showed on Monday, an increase of 762 cases from last Monday.

This month, Deutsche Boerse announced the biggest overhaul of the DAX, the German blue-chip index, in its 33-year history, most notably an increase in the number of components to 40 from the 30th. effective September 20.

The index includes global heavyweights such as Volkswagen (DE:), SAP, Daimler (OTC:), BMW and Siemens.

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