Germany stocks lower at close of trade; DAX down 2.91%

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At the close in Frankfurt, the DAX fell 2.91% to hit a new 52-week low, while the MDAX index lost 3.41%, and the TecDAX index declined 1.17%.

The best performers of the session on the DAX were Sartorius AG VZO O.N. (ETR:SATG_p), which rose 2.28% or 7.90 points to trade at 353.80 at the close. Meanwhile, Merck KGaA (ETR:MRCG) added 1.48% or 2.45 points to end at 167.85 and Qiagen NV (ETR:QIA) was up 0.78% or 0.36 points to 46.65 in late trade.

The worst performers of the session were MTU Aero Engines NA O.N. (ETR:MTXGn), which fell 7.83% or 13.60 points to trade at 160.10 at the close. Daimler Truck Holding AG (ETR:DTGGe) declined 7.75% or 1.92 points to end at 22.84 and Hannover Rueck SE (ETR:HNRGn) was down 7.70% or 11.00 points to 131.80.

The top performers on the MDAX were Carl Zeiss Meditec AG (ETR:AFXG) which rose 2.31% to 115.25, Scout24 AG (ETR:G24n) which was up 2.25% to settle at 50.88 and Delivery Hero AG (ETR:DHER) which gained 1.62% to close at 35.67.

The worst performers were Rheinmetall AG (ETR:RHMG) which was down 10.40% to 188.25 in late trade, K&S AG (ETR:SDFGn) which lost 9.68% to settle at 19.51 and Uniper SE (ETR:UN01) which was down 9.45% to 10.25 at the close.

The top performers on the TecDAX were Carl Zeiss Meditec AG (ETR:AFXG) which rose 2.31% to 115.25, Sartorius AG VZO O.N. (ETR:SATG_p) which was up 2.28% to settle at 353.80 and Qiagen NV (ETR:QIA) which gained 0.78% to close at 46.65.

The worst performers were Hensoldt Ag (ETR:HAGG) which was down 11.18% to 21.05 in late trade, Aixtron SE (ETR:AIXGn) which lost 5.49% to settle at 21.18 and Software AG (ETR:SOWGn) which was down 5.38% to 29.22 at the close.

Falling stocks outnumbered advancing ones on the Frankfurt Stock Exchange by 526 to 174 and 67 ended unchanged.

Shares in MTU Aero Engines NA O.N. (ETR:MTXGn) fell to 52-week lows; down 7.83% or 13.60 to 160.10. Shares in Uniper SE (ETR:UN01) fell to 5-year lows; down 9.45% or 1.07 to 10.25.

The DAX volatility index, which measures the implied volatility of DAX options, was up 12.71% to 32.37 a new 1-month high.

Gold Futures for August delivery was down 2.03% or 36.55 to $1,764.95 a troy ounce. Elsewhere in commodities trading, Crude oil for delivery in August fell 9.29% or 10.07 to hit $98.36 a barrel, while the September Brent oil contract fell 10.18% or 11.55 to trade at $101.95 a barrel.

EUR/USD was down 1.66% to 1.02, while EUR/GBP unchanged 0.14% to 0.86.

The US Dollar Index Futures was up 1.49% at 106.47.