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German stocks dropped on weak manufacturing data and global growth fears.
German stocks fell sharply on Monday, with the DAX dropping 1.23% to 23,534.60, pressured by weaker-than-expected manufacturing data.
Germany’s November PMI dropped to 48.2, its lowest in nine months, signaling a steeper contraction due to declining new orders and weak global demand.
The Eurozone PMI was revised down to 49.6, the lowest in five months.
Industrial and tech stocks led losses, while some healthcare and auto firms posted modest gains.
Markets also reacted to ongoing concerns about global economic growth, central bank policy, and geopolitical developments.
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Las acciones alemanas cayeron debido a los débiles datos de la industria manufacturera y a los temores sobre el crecimiento global.