The DAX Index Opens 0.01% Higher

The DAX 40 extended losses to trade around 25,600 on Tuesday, as investors paused after a five-day rally that sent the index to record highs. Technology stocks faced heavy selling, particularly chipmakers, as investors focused on valuation concerns despite Samsung Electronics reporting record-high quarterly operating profit and strong guidance. Infineon Technologies slipped 7.4%, while AI-related companies Hochtief and Siemens declined 2.0% and 1.1%, respectively. Siemens Energy slid over 7% after Barclays cut the stock to "underweight" from "equal-weight" even after raising its price target to €130 from €110, due to peak-cycle valuation concerns. Meanwhile, the defense sector traded modestly higher as the NATO summit kicked off, with investors anticipating new pledges to boost military spending. Hensoldt added 0.9% and Rheinmetall went up 0.4%. Other top gainers included Beiersdorf (4.3%), Fresenius Medical Care (3.3%) and SAP (2.1%).

The DAX Index is picking up 3 points or 0.01 percent on Tuesday. Gains are led by Munich RE (2.60%), SAP (2.49%) and Fresenius Medical Care (2.43%). Biggest losers are Siemens Energy (-5.99%), Infineon (-4.00%) and Siemens (-1.28%).

The DAX Index rose 39 points or 0.15 percent on Monday to close at 25818 points. Leading the gains are Rheinmetall (3.60%), Scout24 (2.47%) and Fresenius (1.81%). Top losers were Bayer (-4.09%), Merck (-2.16%) and Continental (-2.16%).