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13.04.202607:52:35UTC+00DAX Drops on Monday

Frankfurt’s DAX 40 dropped more than 1% to below 23,600 on Monday, as risk aversion intensified following the collapse of US–Iran peace talks and Washington’s announcement of a blockade of the Strait of Hormuz. Escalating geopolitical tensions drove oil prices above $100 per barrel, rekindling concerns about energy-driven inflation. Investors also evaluated the outcome of Hungary’s election, which is expected to bolster the EU’s policy stance, while attention turns to the kickoff of earnings season on both sides of the Atlantic. Most sectors came under pressure, with banks, consumer cyclicals, technology, and industrials among the hardest hit.

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