DAX Trims Some Losses
2026-02-23 14:06
By
Luisa Carvalho
1 min. read
Frankfurt's DAX 40 pared early losses to trade slightly down around 25,175 on Monday, but still lagging behind its peers, amid uncertainties surrounding US tariffs following fresh threats by Donald Trump over the weekend.
He pledged to raise global tariffs to 15% for 150 days after the US Supreme Court declared large parts of the previous tariffs unconstitutional.
At the same time, geopolitical risks continued.
More positively, German business morale rose slightly more than expected in February, reaching its highest level since August.
Export-oriented stocks in the technology and industrial sectors faced the greatest pressure.
Software company SAP led losses, falling 1.8%, followed by Rheinmetall (-1.8%), Bayer (-1.7%), BMW (-1.4%), Airbus (-1.3%) and Volkswagen (-1.3%).
In contrast, shares of banks and insurers, along with the utilities and telecommunications companies considered defensive, were in relatively high demand.
Commerzbank added more 2.5%.