The signs were there, and now it has happened: the DAX has experienced a significant setback. The German leading index closed with a sharp loss of 2.29 percent at 23,487 points. This rapid price drop likely caught many investors off guard, leading to a growing number of sellers in the market. A lack of positive "future fantasy," coupled with the persistent risks from imposed tariffs that could weigh on the economy and the failed peace negotiations between Russia and Ukraine, has further increased uncertainty and made it difficult to attract new capital.
Black Day for Vonovia & Co.: These Stocks Are Dragging the DAX Down!
The sell-off hit individual stocks with full force. The hardest hit were Vonovia, which lost 6.1 percent, Fresenius, which had to endure a decline of 5.8 percent, and Siemens Energy, which plummeted by 5.3 percent. Siemens Energy shares have now entered a young downtrend after recently surpassing €100 and are currently trading at around €85.
DAX Faces the Big Test: Can the 23,360-Point Mark Hold?
Many investors are now asking what comes next. Further sell-offs can be expected, as the fear of losses could trigger a chain reaction, pushing prices down even further. For the DAX, it will be crucial to hold the next important technical support level at 23,360 points. If this level can be maintained, there is a chance that the DAX will recover quickly.
Will the DAX find support, or is it at the beginning of a deeper correction?
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