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German Stocks Tumble Most Since 2011 on Ukraine Crisis

German stocks dropped the most in more than two years as the U.S. threatened sanctions against Russia for its military intervention in Ukraine, raising concern a disruption in trade and business will hurt earnings.

Stada Arzneimittel AG, which gets almost a fifth of its sales from Russia, tumbled 5 percent after Commerzbank AG advised investors to avoid the stock if the conflict in eastern Europe escalates. ThyssenKrupp AG lost 4 percent after Boersen-Zeitung said Germany’s largest steelmaker has attracted bidders for its Gleistechnik and Electrical Steel units.