India, March 28 -- German stocks are in negative territory Friday morning, extending recent weakness, amid rising fears of a global trade war following the U.S. President Donald Trump's decision to impose 25% tariffs on auto and auto components imported into U.S., and his threat of more levies in the event of the EU attempting to retaliate with countermeasures.
The benchmark DAX, which dropped to 22,432.50 earlier in the session, was down 202.28 points or 0.89% at 22,461.50 a little while ago.
Commerzbank is declining nearly 4%. Rheinmetall and Deutsche Bank are down 3% and 2.7%, respectively. Volkswagen and Puma are up 2.2% and 2.1%, respectively.
Siemens, MTU Aero Engines, Siemens Energy, BMW, Infineon, Mercedes-Benz, Continental and P...