DAX Halts 5-Day Rally

2026-07-07 07:58 By Luisa Carvalho 1 min. read

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%).



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