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China Woes Send Traders Running From Germany's Once-Mighty DAX

  • Even Greece's ASE Index is having a better week than the DAX
  • Automakers are leading the losses as exporters suffer
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German November Industrial Output Falls 0.3%

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You know things are bad for German stocks when even Greece is beating them.

The DAX Index has tumbled 7.1 percent this week through Thursday, posting one of the worst drops among developed markets and its biggest slump since the China-led rout in August. The German measure closed below 10,000 for the first time since October, just after completing a fourth straight year of advances.