The DAX 40 fell more than 1% to around 24,800 on Tuesday, giving back the previous session’s gains, amid a tech selloff and as investors awaited updates on US-Iran peace talks. Tech stocks on Wall Street were hit by heavy profit-taking on Fed tightening expectations, with weakness in the sector spreading more broadly. On the economic data front, preliminary PMI data from Germany came in below expectations in June. Infineon Technologies dropped over 4% and led losses among stocks. Siemens Energy (-4%), Hochtief (-3%) and Volkswagen (-2.4%) also fell significantly. Vonovia SE declined more than 2% following the announcement of a convertible bond issue, while RWE AG fell 1.4% after confirming plans to acquire a majority stake in Amprion.