DAX follows the decline of other markets.
Amid renewed concerns about the health of the global economy, DAX fell to a level of 18,570, down 0.9%, following the decline in European stock prices.
In the U.S., the ISM Manufacturing PMI data disappointed, indicating that factory activity has declined for the fifth consecutive month, while China's service indicators also fell below expectations.
In Germany, both the service sector and the overall PMI were revised downwards, suggesting a greater contraction in private sector activity than expected and a slowdown in service sector growth.
In corporate news, Infineon (-2.5%) performed the worst, following a nearly 10% drop in NVIDIA's stock in the U.S. the previous day, tracking the global decline in chip and high-tech stocks.
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