Construction group Hochtief joined Germany's benchmark DAX index on June 22. The Essen-based firm replaces Porsche SE.

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The DAX ended Tuesday's trading session 0.7 percent lower at 24,433 points. The index opened at 24,608 and slipped in the afternoon.

Germany's DAX index fell about one percent to 22,922 points on Tuesday, closing below 23,000 amid heightened fears over the ongoing US-Iran conflict. Following earlier ultimatums and extensions by US President Donald Trump, a new deadline for opening the Strait of Hormuz expires tonight, with Iran reporting attacks on its infrastructure.

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The DAX closed unchanged at 22,636 points on Tuesday amid uncertainty from the Iran conflict. The index dipped as much as 1.2 percent intraday, following Monday's gains. US President Donald Trump extended an ultimatum to Tehran.

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