Germany stocks lower at close of trade; DAX down 2.43%

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At the close in Frankfurt, the DAX declined 2.43% to hit a new 1-month low, while the MDAX index lost 3.57%, and the TecDAX index fell 3.91%.

The best performers of the session on the DAX were Brenntag AG (ETR:BNRGn), which rose 3.18% or 2.18 points to trade at 70.70 at the close. Meanwhile, Hannover Rueck SE (ETR:HNRGn) added 0.77% or 1.05 points to end at 138.25 and Fresenius Medical Care KGAA ST (ETR:FMEG) was up 0.59% or 0.30 points to 51.32 in late trade.

The worst performers of the session were Delivery Hero AG (ETR:DHER), which fell 12.47% or 4.74 points to trade at 33.28 at the close. Sartorius AG VZO O.N. (ETR:SATG_p) declined 7.46% or 26.70 points to end at 331.00 and Infineon Technologies AG NA O.N. (ETR:IFXGn) was down 6.81% or 1.82 points to 24.83.

The top performers on the MDAX were Telefonica Deutschland Holding AG (ETR:O2Dn) which rose 1.02% to 2.77, Rheinmetall AG (ETR:RHMG) which was unchanged 0.00% to settle at 203.00 and Beiersdorf AG O.N. (ETR:BEIG) which lost 0.08% to close at 97.40.

The worst performers were Tag Immobilien AG (ETR:TEGG) which was down 12.48% to 12.48 in late trade, Thyssenkrupp AG O.N. (ETR:TKAG) which lost 8.92% to settle at 7.52 and Hypoport AG (ETR:HYQGn) which was down 7.77% to 206.40 at the close.

The top performers on the TecDAX were Telefonica Deutschland Holding AG (ETR:O2Dn) which rose 1.02% to 2.77, Qiagen NV (ETR:QIA) which was down 0.33% to settle at 42.22 and United Internet AG NA (ETR:UTDI) which lost 0.38% to close at 28.70.

The worst performers were CompuGroup Medical AG O.N. (ETR:COP1n) which was down 8.34% to 39.76 in late trade, Nordex SE O.N. (ETR:NDXG) which lost 7.88% to settle at 9.26 and Aixtron SE (ETR:AIXGn) which was down 7.68% to 23.67 at the close.

Falling stocks outnumbered advancing ones on the Frankfurt Stock Exchange by 649 to 68 and 45 ended unchanged.

Shares in Infineon Technologies AG NA O.N. (ETR:IFXGn) fell to 52-week lows; down 6.81% or 1.82 to 24.83. Shares in Tag Immobilien AG (ETR:TEGG) fell to 5-year lows; falling 12.48% or 1.78 to 12.48. Shares in Hypoport AG (ETR:HYQGn) fell to 3-years lows; falling 7.77% or 17.40 to 206.40. Shares in CompuGroup Medical AG O.N. (ETR:COP1n) fell to 3-years lows; falling 8.34% or 3.62 to 39.76. Shares in Nordex SE O.N. (ETR:NDXG) fell to 52-week lows; down 7.88% or 0.79 to 9.26.

The DAX volatility index, which measures the implied volatility of DAX options, was up 13.85% to 30.17 a new 1-month high.

Gold Futures for August delivery was down 2.30% or 43.05 to $1,832.45 a troy ounce. Elsewhere in commodities trading, Crude oil for delivery in July rose 0.69% or 0.83 to hit $121.50 a barrel, while the August Brent oil contract rose 0.75% or 0.91 to trade at $122.92 a barrel.

EUR/USD was down 0.71% to 1.04, while EUR/GBP unchanged 0.50% to 0.86.

The US Dollar Index Futures was up 0.77% at 104.81.