DAX at Over 3-Month Low

2026-03-09 17:07 By Luisa Carvalho 1 min. read

Frankfurt's DAX 40 pared early sharp losses to close about 0.8% down at 23,394 on Monday, the lowest since November 2025, as traders fretted about the impact of a prolonged war on the global economy.

The Middle East conflict intensified over the weekend, with US and Israeli airstrikes hitting Iranian oil facilities, regional producers cutting output, and tanker traffic through the Strait of Hormuz virtually halted.

The resulting surge in oil prices raised fears of a prolonged energy crisis and a global inflationary shock, prompting traders to ramp up bets on ECB rate hikes.

Airline Deutsche Lufthansa plunged 7.3%, while Qiagen NV and Continental also posted steep losses, falling 5% and 4.4%, respectively.

Other notable decliners included Beiersdorf, Vonovia, Porsche Automobil, MTU Aero Engines and Volkswagen, losing between 1.7% and 3.6%.

On the flip side, Bayer, GEA Group and Rheinmetall posted the biggest gains, rising 4%, 2.1% and 2%, respectively.



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