Investing.com – Germany stocks were lower after the close on Tuesday, as losses in the Utilities, Basic Resources and Technology sectors led shares lower.
At the close in Frankfurt, the DAX declined 3.80% to hit a new 6-months low, while the MDAX index lost 2.76%, and the TecDAX index declined 2.79%.
The best performers of the session on the DAX were Lanxess AG (XETRA:LXSG), which fell 0.53% or 0.245 points to trade at 45.575 at the close. Meanwhile, Beiersdorf AG O.N. (XETRA:BEIG) fell 1.30% or 0.970 points to end at 73.710 and Adidas AG NA O.N. (XETRA:ADSGN) was down 1.96% or 1.390 points to 69.400 in late trade.
The worst performers of the session were Volkswagen AG VZO O.N. (XETRA:VOWG_p), which fell 19.82% or 26.200 points to trade at 106.000 at the close. K & S AG NA O.N. (XETRA:SDFGn) declined 8.29% or 2.715 points to end at 30.020 and Daimler AG NA O.N. (XETRA:DAIGn) was down 7.02% or 5.000 points to 66.250.
The top performers on the MDAX were Suedzucker Mannheim Ochsenfurt AG (XETRA:SZUG) which rose 12.94% to 15.490, Tag Immobilien AG (XETRA:TEGG) which was up 0.10% to settle at 10.350 and Sky Deutschland AG NA (XETRA:SKYDn) which unchanged 0.00% to close at 6.813.
The worst performers were Rheinmetall AG (XETRA:RHMG) which was down 8.06% to 51.870 in late trade, Salzgitter AG O.N. (XETRA:SZGG) which lost 6.48% to settle at 22.740 and Duerr AG O.N. (XETRA:DUEG) which was down 6.21% to 63.180 at the close.
The top performers on the TecDAX were PSI AG F.Pr.U.Sys. NA (XETRA:PSAGn) which rose 0.80% to 11.900, LPKF Laser & Electronics (XETRA:LPKG) which was down 0.59% to settle at 8.304 and Telefonica Deutschland Holding AG (XETRA:O2Dn) which lost 0.95% to close at 5.653.
The worst performers were Aixtron SE NA O.N. (XETRA:AIXGn) which was down 8.40% to 5.854 in late trade, Morphosys AG O.N. (XETRA:MORG) which lost 5.42% to settle at 62.350 and Nordex SE O.N. (XETRA:NDXG) which was down 5.37% to 23.605 at the close.
Falling stocks outnumbered advancing ones on the Frankfurt Stock Exchange by 567 to 126 and 29 ended unchanged.
Shares in Volkswagen AG VZO O.N. (XETRA:VOWG_p) fell to 3-years lows; losing 19.82% or 26.200 to 106.000.
The DAX volatility index, which measures the implied volatility of DAX options, was up 14.06% to 26.93.
Gold for December delivery was down 0.71% or 8.00 to $1124.80 a troy ounce. Elsewhere in commodities trading, Crude oil for delivery in November fell 3.22% or 1.51 to hit $45.45 a barrel, while the November Brent oil contract fell 1.87% or 0.92 to trade at $48.01 a barrel.
EUR/USD was down 0.60% to 1.1122, while EUR/GBP rose 0.29% to 0.7235.
The US Dollar Index was up 0.48% at 96.50.