German Stock Market Today, 13 Nov 2025: DAX Closes 1.39% Lower at 24,041 as Siemens Slumps; Merck Rises, Allianz Lifts Guidance
Germany’s blue‑chip DAX retreated on Thursday as a heavy sell‑off in Siemens outweighed pockets of strength in healthcare and defense. At the Xetra close, the DAX finished down 1.39% at 24,041.62, its sharpest one‑day percentage drop since Oct. 17, 2025. The broader STOXX 600 also slipped, with investors pivoting to incoming U.S. macro data after Washington’s shutdown ended. Morningstar+1 Market snapshot Siemens-led sell‑off drags Frankfurt lower Siemens shares tumbled after the company posted a mixed fiscal Q4—industrial profit and net income came in below consensus—even as full‑year free cash flow and sales were strong. The group also unveiled plans to