- Germany’s DAX index plunged 2.7% on Monday, one of its worst performances in recent memory.
- The benchmark index is set to continue lower after Germany confirmed its first case of coronavirus.
- Germany’s foreign minister has urged citizens to avoid all but necessary travel to China.
German stocks took a beating on Monday, and the downtrend look set to continue on Tuesday as authorities in the European country confirmed their first case of coronavirus .
Berlin is already considering evacuating its citizens from China and has urged its citizens not to make any “unnecessary trips” to the country.
DAX Under Pressure
The DAX (index plunged) ) points, or 2.7%, to 50, in Monday trading. The decline pulled the benchmark index into negative territory for the year.