Germany’s Dax Stock Index comes up with almost 5% after Tit-for-Tat-Tatze

The German stocks fell on Friday after China reacted to the unprecedented tariff announcement by US President Donald Trump with retaliation.

The leading German stock market index, the Dax, which measures the performance of 40 leading German companies at the Frankfurt exchange, ended the day by 4.95% at 20.642.

The second MDAX, which includes medium -sized companies, fell 5.46% to 25,409.

The DAX had lost the last two days, the week declined by more than 8% and has booked its greatest weekly loss since Ukraine’s full invasion of Russia in February 2022.

Sören Hettler, Analyst of DZ Bank, said investors fled to safety. China’s announcement that it would impose 34% tariffs for US imports and introducing control of the export of Rohdenerde had aroused considerable fears of escalation, he said.

The EuroStoxx 50, the leading index for the euro zone, fell 4.6% to 4,878. The index is slightly down for the year.

The heavy losers in Frankfurt included Deutsche Bank, whose shares by almost 10%and Infineon, whose shares lost 7.1%.