DAX Falls on Friday
2026-06-05 07:52
By
Luisa Carvalho
1 min. read
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%.