DAX Lags on Fresh Tariff Shock

2026-02-23 08:48 By Luisa Carvalho 1 min. read

Frankfurt's DAX 40 fell 0.6% to around 25,100 on Monday, following gains in the previous session and underperforming its regional peers, as investors weighed renewed trade uncertainty.

A sense of relief following the United States Supreme Court’s decision to block broad tariffs quickly faded after US President Donald Trump on Saturday imposed a new 15% temporary global levy, effective immediately.

On the geopolitical front, strained relations between the US and Iran continue, as President Donald Trump keeps open the possibility of a strike should nuclear negotiations break down.

Industrials and tech stocks were hit hardest.

Rheinmetall, SAP, Airbus and MTU Aero Engines were among the worst performers, with losses ranging between 1.3% an 2%.

On the flip side, Commerzbank (1.6%), Adidas (1.1%) and Munchener Ruck (0.9%) posted the biggest gains.



News Stream
DAX Finishes Almost Muted
Frankfurt's DAX pared early losses to close virtually unchanged at 24,986 on Tuesday, as traders continued to assess the shifting trade landscape after Trump's recent tariffs while also eyeing corporate updates. Also, investors tried to put aside AI concerns, buoyed by positive news from Meta and ahead of Nvidia’s upcoming financial results. Meanwhile, caution prevails ahead of US President Donald Trump's Union Speech to be delivered this evening. Fresenius Medical Care plunged 7.1%, staying at the bottom of the index, after reporting higher 2025 profits but signaling broadly stable 2026 revenue and operating profit, diverging from prior performance. MTU Aero Engines also fell sharply, slipping 6.4%, even after posting Q4 profits above expectations, with its 2026 guidance broadly in line with forecasts. SAP (-1%) also extended its decline from yesterday and Deutsche Bank fell 1.6%. On the upside, autos bounced after the US set European tariffs at 10% for now, below the threatened 15%.
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The DAX Index Closes 0.09% Higher
The DAX Index gained 22 points or 0.09 percent on Tuesday to close at 25014 points. Gains were led by Continental (4.10%), Symrise (2.98%) and RWE (1.94%). Biggest losers were Fresenius Medical Care (-7.27%), MTU Aero Engines AG (-6.26%) and Fresenius (-2.44%).
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DAX Down for 2nd Day
Frankfurt's DAX 40 edged down to trade below 24,000 on Tuesday, extending Monday's losses, as market sentiment remained pressured by tariff woes and AI anxieties. Meanwhile, investors closely monitored some earnings reports and corporate news. Among key movers, Fresenius Medical Care plunged more than 7% to the bottom of the index, after reporting higher 2025 profits but signaling broadly stable 2026 revenue and operating profit, diverging from prior performance and recently announced cost-cutting measures. MTU Aero Engines (-5.2%) followed closely, as it reported Q4 results that exceeded expectations in profitability, while its outlook for 2026 was largely in line with market forecasts. Selling pressure also hit tech and banks, with SAP, Deutsche Bank, and Siemens down 1.8%, 1.7%, and 1.1%, respectively.
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