{"id":58259,"date":"2025-04-04T09:51:55","date_gmt":"2025-04-04T09:51:55","guid":{"rendered":"https:\/\/www.pantheregroup.com\/2025\/04\/04\/dax-down-2-2-as-stocks-extend-recent-plunge\/"},"modified":"2025-04-04T09:51:55","modified_gmt":"2025-04-04T09:51:55","slug":"dax-down-2-2-as-stocks-extend-recent-plunge","status":"publish","type":"post","link":"https:\/\/www.pantheregroup.com\/2025\/04\/04\/dax-down-2-2-as-stocks-extend-recent-plunge\/","title":{"rendered":"DAX Down 2.2% As Stocks Extend Recent Plunge"},"content":{"rendered":"<div style=\"text-align:center\"><\/div><p> \n<\/p>\n<div id=\"ctl00_CPI_dvBody\">\n<p> After suffering its worst setback in about eight months on Thursday, the German market is deep down in negative territory again with stocks reeling under a fresh bout of selling pressure on Friday amid concerns about growth following U.S. President Donald Trump&#8217;s tariff moves.<\/p>\n<p>Disappointing factory orders data and construction sector report, as well a drop in new car registrations are also hurting sentiment.<\/p>\n<p>The benchmark DAX was down 476.75 points or 2.2% at 21,223.61 a little while ago.<\/p>\n<p>Deutsche Bank is declining 7.8%. Commerzbank is down nearly 5%. Infineon Technologies, MTU Aero Engines, Allianz, Daimler Truck Holding and Heidelberg Materials are down 3 to 4.2%.<\/p>\n<p>Deutsche Post is down nearly 3%. Deutsche Telekom, Siemens, Continental, BASF, Adidas, Hannover Rueck, Fresenius Medical Care and Brenntag are lower by 2 to 2.7%. <\/p>\n<p>Mercedes-Benz, Volkswagen, Fresenius, Deutsche Boerse, BMW, Siemens Energy and Merck are also notably lower.<\/p>\n<p>Gerresheimer is down more than 14% after reports said KKR has abandoned a private equity consortium discussing a takeover of the German speciality packaging company. <\/p>\n<p>Beiersdorf is gaining about 3.1% and Symrise is up 3%. Vonovia is rising nearly 2%, while Qiagen, Porsche and Sartorius are up with moderate gains.<\/p>\n<p>Data from Destatis said Germany factory orders stagnated unexpectedly in February even though US importers brought forward imports to beat the impending tariffs.<\/p>\n<p>New orders in the manufacturing sector remained unchanged in February, reversing a 5.5% drop in January, the data said. Orders were forecast to grow 3.4%. Excluding large orders, new orders were 0.2% lower than in the previous month.<\/p>\n<p>Germany&#8217;s construction sector deteriorated at a faster pace at the end of the first quarter amid weaker order inflows, survey results from S&amp;P Global showed. The HCOB construction Purchasing Managers&#8217; Index registered 40.3 in March, down from 41.2 in February.<\/p>\n<p>New car registrations in Germany fell 3.9% year-on-year to 253,497 units in March, marking the fifth consecutive period of decline. <\/p>\n<\/p>\n<p>Market Analysis<\/p>\n<\/div>\n<p><script type=\"text\/javascript\">\n        window.fbAsyncInit = function () {\n            FB.init({\n                status: true,\n                cookie: true,\n                xfbml: true\n            });\n        };\n        (function (d) {\n            var js, id = 'facebook-jssdk'; if (d.getElementById(id)) { return; }\n            js = d.createElement('script'); js.id = id; js.async = true;\n            js.src = \"https:\/\/connect.facebook.net\/en_US\/all.js\";\n            d.getElementsByTagName('head')[0].appendChild(js);\n        }(document));\n    <\/script><br \/>\n<br \/>\n<br \/>DAX Down 2.2% As Stocks Extend Recent Plunge<\/a><br \/>\n<br \/>2025-04-04 09:51:55<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>After suffering its worst setback in about eight months on Thursday, the German market is deep down in negative territory again with stocks reeling under a fresh bout of selling&#8230;<\/p>\n","protected":false},"author":2,"featured_media":58260,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"fifu_image_url":"https:\/\/images.unsplash.com\/photo-1531412501799-1b4c354ca957?ixid=MXwxMjA3fDB8MHxwaG90by1wYWdlfHx8fGVufDB8fHw=&ixlib=rb-1.2.1&auto=format&fit=crop&w=2734&q=80","fifu_image_alt":"","footnotes":""},"categories":[29],"tags":[],"class_list":["post-58259","post","type-post","status-publish","format-standard","has-post-thumbnail","category-euro-markets"],"_links":{"self":[{"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/posts\/58259","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/comments?post=58259"}],"version-history":[{"count":0,"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/posts\/58259\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/media\/58260"}],"wp:attachment":[{"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/media?parent=58259"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/categories?post=58259"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/tags?post=58259"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}