DAX Falls On Virus Worries

(RTTNews) - German stocks were moving lower on Friday as investors fretted over climbing coronavirus cases and tougher lockdown measures to curb the spread.

German Chancellor Angela Merkel told a meeting of top officials from her party on Thursday that she wants "very fast action" to counter the spread of Covid-19 mutations.

"The virus can only be stopped with additional efforts," the participants quoted her as saying after the country saw a record number of deaths from the virus.

France strengthened border controls and extended a curfew to the entire country on Thursday to combat the virus as the situation remains worrying.

Elsewhere, China has put millions of people in lockdown in response to new outbreaks of Covid-19 in the north and northeast.