FRANKFURT (dpa-AFX) – The previous day’s strong gains on the German stock market vanished into thin air on Tuesday. At the same time, the DAX fell a little further, recording its biggest daily loss in exactly three years. The tariff disputes between the USA and its important trading partners China, Mexico and Canada led to a “nervous mood” and “pronounced profit-taking”, as market expert Andreas Lipkow said.
Ultimately, the leading German index fell by 3.54 percent to 22,326.81 points. At the start of the week, it had surpassed the 23,000 point mark for the first time due to a rally in defense and automotive stocks and had even climbed above 23,300 points at its peak. Chief market analyst Jochen Stanzl from CMC Markets spoke of “fear of a global trade war”, as the DAX is heavily dependent on global trade and therefore also on the distortions in the event of a trade war.
The MDax of medium-sized companies lost 3.28% to…
