Overview

• The DAX index dropped 1.54% to 22,488.09 on March 27, falling below the 21-day moving average, a key short-term trend indicator.
• Major German automakers, including BMW, Mercedes-Benz, Volkswagen, and Porsche, saw stock losses ranging from 4.3% to 5%.
• Analysts estimate the new US tariffs could reduce revenues for BMW by 2%, Volkswagen by 1%, and Porsche by 10%.
• The European Union announced plans to discuss potential countermeasures in response to the tariffs, raising concerns of escalating trade tensions.
• Asian markets, particularly in Japan and South Korea, also faced declines linked to the tariff announcement, while Chinese markets showed resilience.