German benchmark DAX index slumps

The benchmark DAX index at the Frankfurt Stock Exchange on Monday slumped by more than 400 points amid Greek debt concern.

The Greek government imposed capital controls after it decided to hold a referendum on the new bailout plan. The blue-chip index lost 409.23 points, or 3.56 percent and closed at 11,083.2 points.

All the 30 DAX member shares plunged with Deutsche Bank AG taking the lead, down by 5.81 percent. Commerzbank AG slipped by 4.77 percent. Daimler AG dropped by 4.39 percent. BMW AG St slid by 4.06 percent. Bayer AG ended 4.06 percent lower.

The turnover stood at 5.82 billion euros (around 6.5 billion U.S. dollars ). Daimler AG was the most traded share of the day with a turnover of 517.31 million euros (around 577.61 million U.S. dollars).