DAX Extends Slide

2026-03-23 08:58 By Luisa Carvalho 1 min. read

Frankfurt's DAX 40 continued its downward trend on Monday, slipping 1.8% to below the 22,000 mark, the lowest since April 2025, as markets were rattled by escalating US-Iran tensions over the weekend.

Donald Trump's ultimatum to Iran regarding the Strait of Hormuz and Iranian threats of retaliation against strategic infrastructure are exacerbating global economic uncertainty.

Meanwhile, German Chancellor Friedrich Merz’s conservative Christian Democrats took an early lead over their coalition partner SPD in a key regional vote in Rhineland-Palatinate.

Losses were broad-based across sectors, with technology, financials, and industrials among the most pressured.

In equities, Vonovia underperformed, falling nearly 5%, followed by Infineon Technologies (-3.5%), Rheinmetall (-3.5%) and MTU Aero Engines (-2.8%).

BASF fell over 2% after warning its new Chinese chemical plant will take longer than expected to turn profitable.

In the MDax, oil-sensitive Deutsche Lufthansa dropped 4.7%.



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Frankfurt's DAX 40 jumped back into positive territory, advancing 2.6% to breach the 22,900 level and outperforming its regional peers. The rally was triggered by a post from US President Donald Trump saying the US and Iran had held “very good and productive” talks, signaling a possible diplomatic opening and easing the threat of strikes on energy infrastructure.
2026-03-23
DAX Extends Slide
Frankfurt's DAX 40 continued its downward trend on Monday, slipping 1.8% to below the 22,000 mark, the lowest since April 2025, as markets were rattled by escalating US-Iran tensions over the weekend. Donald Trump's ultimatum to Iran regarding the Strait of Hormuz and Iranian threats of retaliation against strategic infrastructure are exacerbating global economic uncertainty. Meanwhile, German Chancellor Friedrich Merz’s conservative Christian Democrats took an early lead over their coalition partner SPD in a key regional vote in Rhineland-Palatinate. Losses were broad-based across sectors, with technology, financials, and industrials among the most pressured. In equities, Vonovia underperformed, falling nearly 5%, followed by Infineon Technologies (-3.5%), Rheinmetall (-3.5%) and MTU Aero Engines (-2.8%). BASF fell over 2% after warning its new Chinese chemical plant will take longer than expected to turn profitable. In the MDax, oil-sensitive Deutsche Lufthansa dropped 4.7%.
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