The DAX Index Closes 1.29% Lower

The DAX 40 fell further to close about 1.3% down at 24,671 on Friday, the lowest in two weeks, halting a two-day advance. The selloff in chipmakers intensified, pressuring the index, amid global uncertainty around tech stocks and mounting concerns over the rising cost of AI infrastructure. Infineon Technologies sank nearly 5%. Other stocks with exposure to the AI-driven data centers were affected, including Siemens Energy (-5.6%) and Hochtief.(-2.4%). Zalando, on the other hand, plunged 6.3% after the German financial regulator opened an investigation into the online fashion retailer's 2025 report due to suspicions of violations of accounting rules. Volkswagen fell 3.7% after reports the group is considering deeper workforce cuts of up to 100,000 jobs and potential factory closures to restore competitiveness and improve profitability. On the upside, SAP (2.2%) and Beiersdorf (2.1%) were the biggest gainers. For the week, the index recorded a decline of about 1.3%.

The DAX Index decreased 324 points or 1.29 percent on Friday to close at 24671 points. The decline was led by Zalando (-6.80%), Porsche Automobil (-6.59%) and Siemens Energy (-5.84%).

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%.