The DAX Index Opens 0.41% Lower

The DAX 40 fell about 0.6% to around 24,800 on Friday, pausing a two-day rally amid renewed AI concerns. Sentiment was hit by reports that Apple and Microsoft may raise prices due to higher memory chip costs, alongside a possible delay to OpenAI’s public debut. These worries weighed heavily on the tech sector, with Infineon Technologies falling 2.6% and SAP down 0.4%. Retailers also faced significant pressure, led by Zalando, which fell more than 6% after BaFin launched an audit of its consolidated financial statements and related management report, citing concrete evidence of accounting violations. On the opposite side, Beiersdorf (0.9%), Volkswagen (0.7%) and Henkel AG & Co (0.7%) advanced the most. For the week, the index was set to fall about 0.6%.

The DAX Index is losing 103 points. Losses were led by Zalando (-8.31%), Siemens Energy (-2.36%) and Infineon (-2.17%). Offsetting the fall, top gainers were Porsche Automobil (1.08%), Beiersdorf (0.97%) and Volkswagen (0.92%).

The DAX Index rose 254 points or 1.03 percent on Thursday to close at 24995 points. Leading the gains are Bayer (18.72%), Merck (5.00%) and Vonovia (3.46%).