DAX Drops on Friday
2025-11-21 08:47
By
Luisa Carvalho
1 min. read
Germany's DAX traded more than 1% lower near the 23,000 mark on Friday, pulling back from yesterday's advance, in line with other European peers.
Concerns over AI valuations have resurfaced, even amid Nvidia’s strong earnings, driving volatility in markets.
At the same time, speculation about a potential peace deal in Ukraine has also been influencing investor sentiment in recent days.
Meanwhile, flash PMI data for Germany indicated continued weakness in manufacturing, alongside a slowdown in services growth in November.
Siemens Energy slipped more than 6% following yesterday's strong advance.
Defense stocks also faced pressure, with Rheinmetall dropping nearly 4%.
Other top losers included Infineon Technologies (-2.9%), Deutsche Bank (-2.4%), Commerzbank (-1.6%) and RWE (-1.6%).
On the flip side, Deutsche Telekom and Scout24 posted the biggest gains, each rising 1.4%.
For the week, the index was poised to decline more than 3.5%.