DAX Closes Deeply in the Red
2026-05-15 16:16
By
Luisa Carvalho
1 min. read
Frankfurt's DAX 40 fell further to close about 2.1% lower at 23,951 on Friday, halting a two-day rally, underperforming its European peers.
Market sentiment was dented by stalled progress on the Iran conflict and inflation fears, alongside risks of renewed military escalation.
US President Trump threatened Tehran again, saying he would not be patient much longer.
Moreover, investors were disappointed by the lack of concrete results from the long-awaited Trump-Xi summit in China, particularly on trade and the Iran issue.
Among the biggest losers were tech stocks, which had gained considerable ground in recent days due to the ongoing AI boom.
Infineon shares fell by more than 4%.
Energy-sensitive industrials also saw pressure, with Siemens and Siemens Energy down 5.5% and 4.4%, respectively.
On the flip side, SAP and Munchener Ruck led gains, each rising more than 1%.
For the week, the DAX lost about 1.6%.