DAX Drops Over 2%
2026-11-06 08:49
By
Luisa Carvalho
1 min. read
Frankfurt's DAX 40 fell 2.1% to 25,760, amid ongoing global risk aversion associated to mounting fears of tighter US AI regulations.
On the data front, German industrial production rose 0.7% in September, beating expectations for no change but slowing from a downwardly revised 1% increase in August.
Losses were broad-based, led by insurers, chemical companies, software, banks, autos, consumer goods, and pharma & healthcare.
Among single stocks, Zalando (-4.9%) and Deutsche Post (-4.7%) were the worst performers.
Munich Re and Hannover Re each fell by over 4%, following downgrades by JPMorgan.
Daimler Truck slid 4%, on underwhelming nine-month results despite a 73% jump in Q3 operating profit and reaffirmed full-year guidance.
On the upside, Infineon Technologies and AI-related Siemens Energy advanced 2.4% and 1.4%, respectively.
The index is poised for a 0.5% weekly loss.