FX.co ★ Tech Weakness Drags DAX Lower

Frankfurt’s DAX 40 slipped about 0.4% on Thursday, falling below the 25,200 mark amid a broad sell-off in technology shares. Sentiment weakened as worries over heavy spending on AI coincided with expectations of prolonged higher US interest rates, stoking fears of rising financing costs—especially for companies dependent on large-scale investment. At the same time, traders kept a close watch on global geopolitical developments and the ongoing corporate earnings season.

Infineon Technologies tumbled more than 9%, making it the index’s worst performer, while other AI-linked names such as Siemens Energy (-6.9%) and Hochtief (-3.5%) also posted steep losses. Additional notable laggards included Siemens, Continental, GEA Group, RWE, Deutsche Bank and Commerzbank, which declined between 0.6% and 2.6%.

In contrast, telecoms, insurers and software companies were among the session’s strongest gainers. Deutsche Telekom led the advance with an increase of more than 3%, followed by Scout24 (3%), Hannover Rück (2.6%) and Münchener Rück (2.5%).