Vonovia SE

The political headline came from Germany's state elections.

In Berlin, the left party's clear win revived the debate about expropriating large residential landlords, sending shares of Vonovia, which owns around 130,000 apartments in the capital, to their lowest level since 2023, although the stock closed only around 1.3% lower.

And to wrap things up, a quick glance at Asia.

Tokyo was closed for a public holiday, but the rest of the region started the week on a friendly note.

Wind turbine maker Nordex jumped 11% after a buy recommendation from a big American bank.

The utilities E.ON and RWE gained on an upgrade, while rate-sensitive real estate stocks like Vonovia fell victim to the rate hike expectations, down more than 2%.

The real winners of the day sat in Asia.

The tech-heavy markets in Japan and especially South Korea posted clear gains, with Seoul's chip giants extending their remarkable run, while the rest of the region lacked a common direction.