Because the German stock market is particularly burdened by war and sanctions in an international comparison, this country also has the greatest potential for recovery should there be a political solution to the conflict. The shares in the Dax that are particularly affected are those that have recently lost particularly heavily due to their above-average exposure in Russia: above all BASF, the vehicle shares, Adidas and Puma, and Deutsche Bank.
Also read: These German stocks are particularly suffering from the Ukraine war
The persistently high volatility of the market and the unpredictability of political developments make it difficult to fathom the depths. Take Adidas, for example: because the sporting goods company has a strong presence in Russia with its own stores, the share has recently slipped almost again to its long-term lows of around 170 euros. After Adidas then limited the risk of Russia with a possible loss of sales of 250 million euros, a massive price recovery to over 200 euros followed.