German Stocks Pare Earlier Gains; BASF Drops on Nomura Downgrade

By Christiane Lenzner

Sept. 3 (Bloomberg) -- German stocks pared earlier gains, with the DAX Index falling 0.1 percent to 5,315.27 as of 9:19 a.m. in Frankfurt. BASF SE led declines, losing 2.7 percent to 34.94 euros after Nomura Holdings Inc. downgraded the stock to “reduce” from “neutral.”