FRANKFURT (dpa-AFX) - The Dax continued its downward spiral on Monday. Amid mounting fears of an escalating conflict with Iran, the German benchmark index shed 1.87 percent in early trading to reach 21,961 points. This marks the first time the index has fallen below the 22,000 threshold since the tariff shock triggered by US President Donald Trump in April 2025.
The MDax, which tracks mid-cap companies, dropped a further 2.34 percent to 27,145 points on Monday morning. Meanwhile, the Eurozone's blue-chip EuroStoxx 50 index lost 1.6 percent. Asian markets saw even steeper declines following Trump's ultimatum to Iran.
Overnight into Sunday, the US President threatened the Iranian leadership with the destruction of energy facilities unless the country fully reopens the Strait of Hormuz "without threats" within 48 hours. Tehran countered by threatening a total blockade of the strait, a critical artery for the global oil trade./gl/nas
