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News Brief: The DAX index fell sharply, dropping over 600 points to a low of 22,873, reflecting a decline of 2.6%. This marks a significant downturn since its peak in January.

The DAX index experienced a notable decline on Thursday, falling below the 23,000-point mark due to escalating tensions in the Iran conflict. At its lowest, the index lost more than 600 points, equating to a 2.6% decrease, before partially recovering. This drop follows a previous dip below the 23,000 threshold last week. According to Jochen Stanzl, Chief Market Analyst at Consorsbank, the DAX has now lost over ten percent since its record high of 25,508 points in mid-January, indicating a potential market correction.

Original Source: www.handelsblatt.com