German Stocks Enter Bear Market as Panic Selling Trickles In
- DAX Index is down 22 percent from its record in April
- Traders are looking for positions that are easiest to exit
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The German stock market has given up all its gains for the year and entered a bear market.
Seven straight days of plunges sent the DAX Index down 22 percent from its record in April. Just today, it tumbled the most in almost four years as a rout engulfed markets across the world and industries.