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20.10.202507:44:01UTC+00DAX Starts Week on Higher Note

Germany's DAX index increased by over 1% on Monday, exceeding the 24,100 threshold, and recovering from significant declines on the previous Friday. This upturn came as concerns regarding the US banking sector eased. Investor confidence received an additional lift from indications that trade relations between the US and China are improving. This followed President Donald Trump's suggestion that he might lower tariffs on Chinese imports if Beijing presents new concessions. Shares in the defense sector led the market surge, with Renk gaining 5.2%, Hensoldt rising by 4.3%, and Rheinmetall up 3.9%. Conversely, Thyssenkrupp's stock fell by more than 20% after spinning off a minority stake in Thyssenkrupp Marine Systems (TKMS). This move is part of the company's broader restructuring plan, which includes selling off non-core assets and dividing its five main divisions, including its steel unit. This development coincides with Rheinmetall’s plan to acquire Lürssen, based in Bremen, with the aim of establishing a "naval powerhouse" in Germany. TKMS makes its stock market debut today.

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