German bull runs out of puff

Germany's DAX index has soared in recent years, more than trebling since its 2003 low. But lately, German stocks have been finding it much harder to shake off the ill effects of the US slowdown.

German stocks have soared over the past few years, with the DAX index more than trebling to 8,000 from its 2003 low before falling back amid global credit jitters.

The index is now likely to find it "increasingly difficult to shrug off the US financial crisis", an analyst told Handelsblatt.

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