DAX Closes at 1-Week High

Frankfurt's DAX 40 closed about 1.3% firmer at a one-week high of 24,453 on Thursday, marking the second day of advances and outperforming its regional peers. Market sentiment was bolstered by optimism surrounding the Trump-Xi summit and sustained enthusiasm for AI and technology. The White House said US President Trump and Chinese President Xi Jinping agreed on the need to keep the Strait of Hormuz open and block Iran’s nuclear ambitions, though Beijing reiterated its firm stance on Taiwan, warning of potential conflict if mishandled. Xi also told top US tech CEOs that China will open up “even more.” Among key movers, Infineon and SAP posted the biggest gains, rising 5.6% and 3.4%, respectively. Siemens also advanced 2.3% after revealing plans to acquire several core business units from Mermec Group. Other top performers included GEA Group (2.5%), Rheinmetall (2%) and Allianz (2%).

The DAX Index went up by 319 points or 1.32 percent on Thursday to close at 24456 points. The rise was led by Infineon (5.48%), SAP (3.46%) and Siemens (2.89%).

Frankfurt's DAX 40 rose more than 1% to cross 24,400 on Thursday, the highest in a week, following yesterday's advance and outperforming its European peers. Market sentiment was buoyed by continued optimism about artificial intelligence, while investors also eyed political developments and the ongoing earnings season. On the political front, turbulence in the UK was overshadowed by the two-day Beijing summit between US President Donald Trump and Chinese President Xi Jinping. Trade, tech, and Iran were at the top of the agenda in talks expected to help stabilise relations between the two leading economies. Among key movers, Infineon led the way, rising 3.1%, amid a global chip rally following US approval of Nvidia’s H200 AI chips for around 10 Chinese firms. Siemens gained 3% after revealing plans to acquire several core business units from Mermec Group. Volkswagen, Porsche Automobil and Rheinmetall also advanced firmly, rising more than 2% each.