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Published on 07/11/2025 at 05:39 pm IST
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FRANKFURT (dpa-AFX) - A lowered forecast by plastics group Covestro weighed further on BASF shares on Friday. In the afternoon, they were the weakest performers on the DAX, falling 2.3 percent. The stock was already in low demand due to renewed tariff concerns.
Covestro cut its outlook, citing the continuing weak economic situation with no signs of a short-term recovery. Several analysts also fear a profit warning from BASF./niw/jha/
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