Germany: DAX Plunges Over 700 Points Amid Energy Crisis Fears

 

On Thursday (March 5, 2026), Germany’s DAX index dropped by more than 700 points (over 3%), falling below 24,000 points. The sharp decline was driven by fears of a new energy crisis due to escalating Middle East tensions and surging oil and gas prices.

• Major companies including Siemens Energy, Bayer, Deutsche Bank, RWE, Commerzbank, Allianz, Infineon saw losses between 3.6% and 4.6%.

• Beiersdorf shares plunged over 15% after weak forecasts for 2026.

• Investors shifted to safe havens such as gold and German bonds.

Sources – Agencies