DAX Finishes Lower

2026-06-23 15:31 By Luisa Carvalho 1 min. read

The DAX 40 closed about 1% down at 24,937 on Tuesday, following yesterday's advance, dragged by tech-related stocks amid concerns over AI firms' capital expenditures and prospective Fed rate hikes.

Meanwhile, investors also monitored progress on US-Iran negotiations, including the 60-day license granted by the US allowing Iran to sell its oil on the international market.

The chip segment was the hardest hit, with Infineon Technologies sliding over 6%.

The construction company Hochtief (-4.3%) and Siemens Energy (-3.9%) also posted steep losses.

Both had benefited significantly from the massive investments in data centers in recent months.

Vonovia shares dropped 2.9% following the announcement of a convertible bond issue.

On the upside, heavyweight SAP and Airbus were the top gainers, adding nearly 2% each.

Utility RWE rose marginally after announcing a €4 billion capital raise for a majority stake in Amprion.

It also plans to invest €6.5 billion by 2031 in Germany’s grid expansion.



News Stream
The DAX Index Closes 0.98% Lower
The DAX Index decreased 246 points or 0.98 percent on Tuesday to close at 24894 points. The decline was led by Infineon (-5.86%), Siemens Energy (-3.93%) and Vonovia (-3.21%). On the upside, the strongest performers were SAP (2.13%), Airbus (1.97%) and Qiagen NV (1.51%).
2026-06-23
DAX Finishes Lower
The DAX 40 closed about 1% down at 24,937 on Tuesday, following yesterday's advance, dragged by tech-related stocks amid concerns over AI firms' capital expenditures and prospective Fed rate hikes. Meanwhile, investors also monitored progress on US-Iran negotiations, including the 60-day license granted by the US allowing Iran to sell its oil on the international market. The chip segment was the hardest hit, with Infineon Technologies sliding over 6%. The construction company Hochtief (-4.3%) and Siemens Energy (-3.9%) also posted steep losses. Both had benefited significantly from the massive investments in data centers in recent months. Vonovia shares dropped 2.9% following the announcement of a convertible bond issue. On the upside, heavyweight SAP and Airbus were the top gainers, adding nearly 2% each. Utility RWE rose marginally after announcing a €4 billion capital raise for a majority stake in Amprion. It also plans to invest €6.5 billion by 2031 in Germany’s grid expansion.
2026-06-23
Tech Selloff Weighs on DAX
The DAX 40 fell more than 1% to around 24,800 on Tuesday, giving back the previous session’s gains, amid a global tech selloff and as investors awaited updates on US-Iran peace talks. Tech and chip stocks were hit by heavy selling on concerns over high valuations, AI spending and rising expectations of Fed tightening. On the economic data front, Germany's private sector contracted for the third month and at a solid pace in June, pointing to continued strain on Europe's largest economy from weak global demand, high energy costs, and ongoing supply chain disruptions. Infineon Technologies dropped over 4% and led losses among stocks. Siemens Energy (-4%), Hochtief (-3%) and Volkswagen (-2.4%) also fell significantly. Vonovia SE declined more than 2% following the announcement of a convertible bond issue, while RWE AG fell 1.4% after confirming plans to acquire a majority stake in Amprion.
2026-06-23