India, Jan. 27 -- German stocks are notably lower Monday morning, hurt by sharp losses in the technology sector on earnings concerns following China's low-cost startup DeepSeek's emergence as a powerful AI model.
Investors, who are looking ahead to policy announcements from the Federal Reserve and the European Central Bank this week, are worried about the outlook for growth and international trade due to U.S. President Donald Trump's tariff threats.
The benchmark DAX 30, which tumbled to 21,109.66, was down 214.44 points or about 1% at 21,171.18 a little while ago.
Siemens Energy is plunging 17%. The company is a significant provider of electric hardware for AI infrastructure.
Infineon is down 4.4% and Siemens is lower by about 4%. Rhei...