German stocks tumbled on Tuesday on risk-off trade as the EU officials' met in Luxembourg while the IMF lowered its global growth forecast. An uncertainty over Greece and weakness of the US and Japanese shares also weighted down on German equities. The DAX Index declined by 0.40% and is currently trading at 7,262.36. All sectors included in the index plunged. The top-gainer was Volkswagen, gaining 1.10% on strong sales in China. Banks were mixed, with Commerzbank climbing 0.71% and Deutsche Bank retreating 0.08%. The top-losers were utilities and industrials. E.ON and RWE fell 0.98% and 1.29% while Siemens and Daimler tumbled 0.73% and 0.74%.