German shares slid 0.47 percent at the start of trading on Monday after talks to form a new government led by Chancellor Angela Merkel collapsed, plunging Europe's top economy into turmoil.

Germany's blue-chip DAX 30 fell by 60.66 points to 12,932.81 as investors woke up to the news, keeping the index below the psychologically important 13,000 barrier.

Source: AFP