DAX Closes Sharply Lower

2026-02-23 17:09 By Luisa Carvalho 1 min. read

Frankfurt's DAX 40 lost ground to close about 1.1% lower at 24,992 on Monday, lagging behind its peers, as investors grappled with renewed uncertainty over President Donald Trump’s newly proposed tariffs following a Supreme Court ruling against his emergency trade levies.

The timing and scope of the new duties remain unclear, and questions have emerged over how existing trade deals with the European Union will be affected.

Meanwhile, the European Parliament froze ratification of the EU–US trade deal until early March, awaiting clarifications from Washington.

Export-oriented stocks in the technology and industrial sectors were the most pressured.

Software company SAP and aircraft manufacturer Airbus were the top losers, falling 3.5% and 3.4%, respectively.

Shares of BMW, Zalando, Rheinmetall, Bayer and Volkswagen each dropped over 2%.

On the flip side, Deutsche Telekom (1.7%) and Beiersdorf (1.5%) were the top gainers.



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