DAX 40 Edges Lower Amid Tech Sell-Off

2026-02-04 09:20 By Joana Ferreira 1 min. read

Frankfurt’s DAX 40 slipped 0.4% to 24,680 on Wednesday, weighed down by a renewed sell-off in tech stocks as investors assessed the impact of new AI-related tools on traditional business models.

Infineon, SAP, and Siemens all fell more than 3%.

Market attention was also on corporate earnings, with Infineon reporting strong AI-driven demand in its first fiscal quarter and a smaller-than-expected decline in operating margin, while focus will shift to Alphabet’s results after the US market close.

Meanwhile, all eyes are on tomorrow’s ECB policy decision, where rates are widely expected to remain unchanged as policymakers gauge the deflationary impact of a stronger euro.

Geopolitical developments also drew attention: Russian and Ukrainian negotiators are meeting in Abu Dhabi to discuss a potential end to the conflict, while the US military reportedly shot down an Iranian surveillance drone near Iran’s southern coast.



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