Short DAX at 7740

Aug. 6 (Bloomberg) -- Allianz SE, Europe’s biggest insurer, said second-quarter profit dropped 46 percent after it gained less from selling shares in Industrial & Commercial Bank of China Ltd.

Net income fell to 1.02 billion euros ($1.34 billion) from 1.87 billion euros in the year-earlier period, the Munich-based company said in an e-mailed statement today.
 
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