Germany's DAX Gives Up Year-to-Date Gains With Latest Plunge -- Market Talk

Dow Jones2025-04-07

0812 GMT - Germany's DAX continues to lose ground in early trade, giving up what was left of its gains in a rally earlier this year, as tariff turmoil deepens across global markets. The German index of blue-chip stocks is down 6.1% in morning trade, having fallen as much as 10% earlier in the session, and is now down 2.7% since the beginning of the year. European stocks are approaching a bear market after entering into correction territory on Friday. Stocks enter a bear market when major indexes sink 20% from their recent peaks, while a correction is a drop of at least 10% from the recent highs. Adidas, Heidelberg Materials and Rheinmetall are the biggest DAX decliners, down 9.6%, 8.5% and 8.2%, respectively. (adria.calatayud@wsj.com)

(END) Dow Jones Newswires

April 07, 2025 04:13 ET (08:13 GMT)

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