German shares slid on Wednesday on rising uncertainty over fresh austerity measures in Spain. On Tuesday, thousands of protestors opposed government spending cuts and tax hikes stipulated in the next year budget. Adding to the losses of the German blue chips index, Asian stock indexed finished Wednesday's session in red territory. The DAX Index lost 1.92% to trade at 7,284.08. All but one sectors included in the index dropped. The only gainer was health care sector, with Fresenius Medical Care and Fresenius SE & Co inching up by 0.70% and 0.24%. At the same time, financials and technology companies created notable pressure on the German stock index. Deutsche Bank and Commerzbank lost 5.40o% and 4.71% while SAP retreated 2.61%. Infineon Technologies tumbled 3.37% after Jefferies Group Inc downgraded its shares from ‘hold' to ‘sell'.