The benchmark DAX index at Frankfurt Stock Exchange went down by nearly 250 points and closed at 9,167.8 points.
The blue-chip index plunged by 248.97 points, or 2.64 percent on Wednesday, Xinhua news agency reported.
Fresenius, a medical care company, was the only one among the 30 DAX member shares which has managed to rise. It added 3.43 percent.
On the other hand, Volkswagen slumped by 4.65 percent.
Infineon Technologies, a semiconductor producer, slipped by 4.59 percent. Continental fell by 4.57 percent. Daimler slid by 4.09 percent. BMW went down by 4.02 percent.
Daimler was the most traded share of the day with a turnover of 361.61 million euros (around $398 million).
You’ve reached your limit of {{free_limit}} free articles this month.
Subscribe now for unlimited access.
Already subscribed? Log in
Subscribe to read the full story →
Smart Quarterly
₹900
3 Months
₹300/Month
Smart Essential
₹2,700
1 Year
₹225/Month
Super Saver
₹3,900
2 Years
₹162/Month
Renews automatically, cancel anytime
Here’s what’s included in our digital subscription plans
Exclusive premium stories online
Over 30 premium stories daily, handpicked by our editors
Complimentary Access to The New York Times
News, Games, Cooking, Audio, Wirecutter & The Athletic
Business Standard Epaper
Digital replica of our daily newspaper — with options to read, save, and share
Curated Newsletters
Insights on markets, finance, politics, tech, and more delivered to your inbox
Market Analysis & Investment Insights
In-depth market analysis & insights with access to The Smart Investor
Archives
Repository of articles and publications dating back to 1997
Ad-free Reading
Uninterrupted reading experience with no advertisements
Seamless Access Across All Devices
Access Business Standard across devices — mobile, tablet, or PC, via web or app