NORDIC WAVE – Germany’s DAX index fell 4.95% Friday, closing at 20,641.72 points—a drop of 1,075.67 points. The index has slumped 11.71% since March 18, as fears over U.S. tariffs weigh heavily on German stocks.
Banks and automakers were hit hard, with Deutsche Bank shares down 9.77%. The DAX had previously reached a record high of 23,476.01 points on March 18.
The decline follows U.S. President Donald Trump’s executive order imposing a 10% baseline tariff on imports, effective April 5, with higher rates for certain trading partners.
