The DAX Index Opens 0.56% Lower

The DAX 40 traded slightly lower at around 24,845 on Friday, reversing the previous session's gains as investor enthusiasm for artificial intelligence (AI) cooled following a disappointing revenue guidance from Broadcom. Ongoing tensions in the Middle East and stalled US-Iran negotiations further weighed on sentiment. In the latest developments, Hezbollah rejected a ceasefire in Lebanon, while President Donald Trump reaffirmed a hardline stance toward Iran, heightening geopolitical concerns. The tech sector saw heavy selling, tracking a global selloff in chip stocks, with Infineon Technologies down more than 5%. Heavyweight industrials including Siemens (-0.9%) and Siemens Energy (-0.6%) also face pressure, while banks advanced marginally. On the upside, Scout24 surged nearly 3% to the top of the index. Symrise, Hannover Ruck, Munchener Ruck, E.ON, Airbus, Beiersdorf also advanced firmly, adding around 1% each. For the week, the index was set to decline about 1%.

The DAX Index is losing 139 points. Losses were led by Infineon (-4.77%), Siemens (-1.10%) and Siemens Energy (-0.89%). Offsetting the fall, top gainers were Scout24 (2.01%), Hannover Rueck (1.07%) and Symrise (1.06%).

The DAX Index rose 149 points or 0.60 percent on Thursday to close at 24945 points. Leading the gains are SAP (5.81%), Qiagen NV (5.54%) and Fresenius Medical Care (4.78%). Top losers were Infineon (-3.68%), Continental (-2.40%) and RWE (-2.07%).