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DAX Slides On Tariff Concerns

German shares were modestly lower on Monday after U.S. President Donald Trump threatened to sharply escalate the U.S. trade war with China and a stronger-than-expected reading on the U.S. labor market reinforced investors' expectations for an interest-rate increase this month.

The benchmark DAX was down 16 points or 0.14 percent at 11,944 in opening deals after closing marginally higher on Friday.

Hannover Re shares rose over 1 percent. The re-insurer said that it is well on track to achieve its 2018 year-end targets, based on the business development so far and the company's positioning in the market.

Automakers BMW and Daimler were down about half a percent on worries about Trump's tariff policies.

Apple supplier Dialog Semiconductor fell 2.3 percent after Trump called for Apple to move production from China to the U.S.

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