Germany stocks lower at close of trade; DAX down 3.90%

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At the close in Frankfurt, the DAX declined 3.90%, while the MDAX index declined 2.91%, and the TecDAX index lost 2.99%.

The best performers of the session on the DAX were Vonovia SE (DE:VNAn), which rose 0.73% or 0.33 points to trade at 45.49 at the close. Meanwhile, Deutsche Boerse AG (DE:DB1Gn) fell 0.64% or 0.870 points to end at 134.280 and Muench. Rueckvers. VNA O.N. (DE:MUVGn) was down 0.71% or 1.38 points to 191.72 in late trade.

The worst performers of the session were Infineon Technologies AG NA O.N. (DE:IFXGn), which fell 9.83% or 1.670 points to trade at 15.325 at the close. Deutsche Bank AG NA O.N. (DE:DBKGn) declined 9.29% or 0.577 points to end at 5.632 and Heidelbergcement AG O.N. (DE:HEIG) was down 7.09% or 3.010 points to 39.420.

The top performers on the MDAX were CompuGroup Medical AG O.N. (DE:COPMa) which rose 3.61% to 68.800, LEG Immobilien AG (DE:LEGn) which was up 3.58% to settle at 103.580 and TeamViewer AG (DE:TMV) which gained 2.94% to close at 39.43.

The worst performers were Thyssenkrupp AG O.N. (DE:TKAG) which was down 12.45% to 5.332 in late trade, Commerzbank AG O.N. (DE:CBKG) which lost 9.67% to settle at 3.044 and K+S AG NA O.N. (DE:SDFGn) which was down 9.10% to 5.354 at the close.

The top performers on the TecDAX were CompuGroup Medical AG O.N. (DE:COPMa) which rose 3.61% to 68.800, TeamViewer AG (DE:TMV) which was up 2.94% to settle at 39.43 and Aixtron SE (DE:AIXGn) which gained 0.37% to close at 9.300.

The worst performers were Infineon Technologies AG NA O.N. (DE:IFXGn) which was down 9.83% to 15.325 in late trade, Varta AG (DE:VAR1) which lost 8.95% to settle at 68.200 and New Work SE (DE:NWOn) which was down 6.00% to 196.00 at the close.

Falling stocks outnumbered advancing ones on the Frankfurt Stock Exchange by 577 to 120 and 48 ended unchanged.

Shares in TeamViewer AG (DE:TMV) rose to all time highs; gaining 2.94% or 1.12 to 39.43. Shares in TeamViewer AG (DE:TMV) rose to all time highs; gaining 2.94% or 1.12 to 39.43.

The DAX volatility index, which measures the implied volatility of DAX options, was up 6.30% to 46.74.

Gold Futures for June delivery was down 1.54% or 27.25 to $1741.65 a troy ounce. Elsewhere in commodities trading, Crude oil for delivery in May rose 0.70% or 0.14 to hit $20.25 a barrel, while the June Brent oil contract fell 4.36% or 1.29 to trade at $28.31 a barrel.

EUR/USD was down 0.54% to 1.0920, while EUR/GBP rose 0.16% to 0.8710.

The US Dollar Index Futures was up 0.63% at 99.510.