The benchmark DAX index at the Frankfurt Stock Exchange on Thursday continued to slide and lost 1.52 percent.
The blue-chip DAX index went down by 149.07 points and closed at 9659.13 points. The index has slipped around 3 percent since Monday.
Traders at the exchange attributed the decrease to recent economic data from Asia, the escalation of violence in the Middle East and weak industrial production data from France and Italy in May, the local business daily Handelsblatt reported.
As a result of the selling mood and profit taking at the exchange, all the DAX shares fell on Monday. The car maker Volkswagen AG Vz suffered the slightest loss of 0.05 percent. The German airline Deutsche Lufthansa AG, on the other hand, was the biggest faller, down by 3.81 percent.
The turnover reached 3.38 billion euros (around 4.6 billion U.S. dollars), much higher than one day earlier. Deutsche Bank AG, the largest bank in Germany, was the most traded share with a turnover of 334.38 million euros. (1 euro = 1.36 U.S. dollars)