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French president Nicolas Sarkozy and German chancellor Angela Merkel unveiled the scheme late on Tuesday.
The fall in Deutsche Borse was caused due to investor fears that the tax could "hurt exchange operators' future business volumes and margins", according to the Wall Street Journal.
Germany's DAX fell by 0.8 per cent when trading closed yesterday, while the UK's FTSE 100 was down 0.5 per cent.
However, the French CAC-40 gained 0.7 per cent as it closed the day at 3254.34 and both the Dow Jones Industrial Average and S&P 500 were up 0.3 per cent.
At the start of trading today, those watching the DAX saw it fall to 5850.59, down from 5,950.59 the day before.
Posted by Clive Arneil
