DAX Advances for 5th Day

2025-10-02 07:53 By Luisa Carvalho 1 min. read

Frankfurt's DAX rose over 1% to surpass 24,400 on Thursday, hitting the highest level since July 10 and extending gains for a fifth consecutive day.

Tech stocks such as Infineon Technologies and SAP drove the rally, up 5.8% and 1.4%, respectively, following an OpenAI share sale that made the firm the world’s most valuable startup, fueling optimism around artificial intelligence.

Meanwhile, traders remained focused on developments surrounding the US government shutdown.

On the corporate front, Siemens Energy led gains, rising 4.6%,after Berenberg raised its price target to €122.00 from €75.00, maintaining its buy rating.

Siemens rose 3.1% after reports that the German conglomerate is considering a possible spin-off of a large portion of its stake in Siemens Healthineers.

Other top performers included Zalando, Airbus, Continental, Brenntag, BASF, Mercedes-Benz Group and Porsche Automobil.



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