Germany stocks lower at close of trade; DAX down 4.41%

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At the close in Frankfurt, the DAX fell 4.41% to hit a new 52-week low, while the MDAX index fell 4.86%, and the TecDAX index lost 3.48%.

The best performers of the session on the DAX were RWE AG ST O.N. (DE:RWEG), which rose 4.80% or 1.65 points to trade at 35.99 at the close. Meanwhile, Merck KGaA (DE:MRCG) fell 0.31% or 0.55 points to end at 175.90 and Symrise AG Inh. O.N. (DE:SY1G) was down 0.33% or 0.35 points to 106.80 in late trade.

The worst performers of the session were Deutsche Bank AG NA O.N. (DE:DBKGn), which fell 9.44% or 0.95 points to trade at 9.15 at the close. Puma SE (DE:PUMG) declined 8.76% or 6.51 points to end at 67.83 and Porsche Automobil Holding SE (DE:PSHG_p) was down 7.87% or 6.31 points to 73.89.

The top performers on the MDAX were K&S AG (DE:SDFGn) which rose 0.22% to 22.81, Vantage Towers AG (DE:VTWRn) which was up 0.10% to settle at 28.67 and Hugo Boss AG NA O.N. (DE:BOSSn) which unchanged 0.00% to close at 48.86.

The worst performers were Uniper SE (DE:UN01) which was down 11.42% to 18.00 in late trade, Fraport AG (DE:FRAG) which lost 10.22% to settle at 50.08 and Thyssenkrupp AG O.N. (DE:TKAG) which was down 10.11% to 8.41 at the close.

The top performers on the TecDAX were Nordex SE O.N. (DE:NDXG) which rose 0.99% to 15.28, Vantage Towers AG (DE:VTWRn) which was up 0.10% to settle at 28.67 and Morphosys AG O.N. (DE:MORG) which lost 1.46% to close at 22.20.

The worst performers were Aixtron SE (DE:AIXGn) which was down 7.74% to 17.67 in late trade, S&T AG (DE:SANT1) which lost 7.69% to settle at 12.00 and Infineon Technologies AG NA O.N. (DE:IFXGn) which was down 6.93% to 27.68 at the close.

Falling stocks outnumbered advancing ones on the Frankfurt Stock Exchange by 612 to 101 and 55 ended unchanged.

Shares in Deutsche Bank AG NA O.N. (DE:DBKGn) fell to 52-week lows; down 9.44% or 0.95 to 9.15. Shares in Puma SE (DE:PUMG) fell to 52-week lows; losing 8.76% or 6.51 to 67.83. Shares in Porsche Automobil Holding SE (DE:PSHG_p) fell to 52-week lows; falling 7.87% or 6.31 to 73.89. Shares in Uniper SE (DE:UN01) fell to 3-years lows; down 11.42% or 2.32 to 18.00. Shares in S&T AG (DE:SANT1) fell to 3-years lows; falling 7.69% or 1.00 to 12.00. Shares in Morphosys AG O.N. (DE:MORG) fell to 5-year lows; losing 1.46% or 0.33 to 22.20. Shares in Infineon Technologies AG NA O.N. (DE:IFXGn) fell to 52-week lows; losing 6.93% or 2.06 to 27.68.

The DAX volatility index, which measures the implied volatility of DAX options, was up 16.00% to 44.29 a new 52-week high.

Gold Futures for April delivery was up 1.46% or 28.20 to $1,964.10 a troy ounce. Elsewhere in commodities trading, Crude oil for delivery in April rose 4.61% or 4.96 to hit $112.63 a barrel, while the May Brent oil contract rose 4.15% or 4.58 to trade at $115.04 a barrel.

EUR/USD was down 1.23% to 1.09, while EUR/GBP unchanged 0.36% to 0.83.

The US Dollar Index Futures was up 0.77% at 98.54.