German stock market tumbles 3.6 percent at open

Frankfurt am Main (AFP) – The DAX index of blue-chip German shares slumped in line with other major stock markets around the world as it opened at  9 am (0800 GMT) Tuesday, falling 3.6 percent to 12,232 points.

Shares from all sectors of Europe’s largest economy slipped into the red, with the biggest losers including the world’s biggest carmaker Volkswagen, airline giant Lufthansa and lender Commerzbank.