The DAX Index Closes 0.31% Lower

The DAX Index dropped 76 points or 0.31 percent on Wednesday to close at 24195 points. Losses were led by Deutsche Telekom (-4.76%), MTU Aero Engines AG (-3.91%) and Siemens Healthineers (-3.15%). Offsetting the fall, top gainers were Siemens Energy (6.88%), RWE (3.40%) and Infineon (2.96%).

Frankfurt's DAX 40 lost further ground and fell 0.3% to settle at 24,195 on Wednesday, as geopolitical tensions remained high despite President Trump’s extension of the ceasefire with Iran. Earlier, he said further action would be paused until Iran presented a unified proposal and negotiations concluded. However, the US intends to maintain its naval blockade of Iranian maritime trade, which Tehran sees as a barrier to talks, with reports today of vessel attacks in the region. Deutsche Telekom (-4.5%) underperformed amid skepticism over its merger plans with T-Mobile US. Analysts at Bernstein Research said regulatory hurdles are considerable, adding that T-Mobile shareholders are unlikely to approve the deal without a significant valuation premium. On the upside, Siemens Energy surged 6.6%, driven by strong Q1 figures from peer ABB. Tech Infineon added 3.2%, tracking gains in major global peers. Energy stocks were also in demand, with RWE and E-ON rising 3.2% and 0.8%, respectively.

Frankfurt's DAX 40 pared some early gains to trade around 24,300 on Wednesday, as uncertainty over the Middle East conflict persisted even after US President Donald Trump announced an extension to the ceasefire with Iran to allow time for a full agreement. But he also said that the US would maintain the naval blockade of Iran's trade flows, which is considered an act of war by Tehran. An Iranian adviser called the ceasefire extension a pretext for a surprise attack, while reports pointed to renewed incidents in the Strait of Hormuz. Tech stocks remained at the forefront. Infineon surged 3.2% and Siemens rose 1.5%, driven by gains in chipmaker ASM. On the downside, Deutsche Telekom slipped 3.1% to the bottom after reports emerged that it is weighing a full merger with its US mobile arm, T-Mobile US.