DAX Extends Slide

2026-07-08 07:47 By Luisa Carvalho 1 min. read

The DAX 40 fell around 1% toward 25,200 on Wednesday, extending losses from the prior day, as escalating tensions in the Middle East dampened risk appetite.

The United States launched multiple strikes against Iran and reinstated sanctions targeting its oil sector, following alleged Iranian attacks on three vessels in the Strait of Hormuz.

Oil prices pushed higher, raising concerns over inflation and higher interest rates ahead of the Fed's June meeting minutes this evening.

At the same time, investors continued reducing exposure to semiconductor and AI-related stocks amid increasing unease over elevated valuations.

Selling was widespread across sectors, sparing only utilities.

Among individual stocks, Vonovia (-3.2%), Rheinmetall (-3.1%), MTU Aero Engines (-2.5%), Deutsche Bank (-2.5%), and SAP (-2.2%) posted the biggest losses.

Lufthansa dropped 4% after Cititgroup cut its rating to "sell" from "neutral".

By contrast, E.ON, RWE and Scout24 advanced the most, adding between 0.8%-1.3%.



News Stream
DAX Extends Slide
The DAX 40 fell around 1% toward 25,200 on Wednesday, extending losses from the prior day, as escalating tensions in the Middle East dampened risk appetite. The United States launched multiple strikes against Iran and reinstated sanctions targeting its oil sector, following alleged Iranian attacks on three vessels in the Strait of Hormuz. Oil prices pushed higher, raising concerns over inflation and higher interest rates ahead of the Fed's June meeting minutes this evening. At the same time, investors continued reducing exposure to semiconductor and AI-related stocks amid increasing unease over elevated valuations. Selling was widespread across sectors, sparing only utilities. Among individual stocks, Vonovia (-3.2%), Rheinmetall (-3.1%), MTU Aero Engines (-2.5%), Deutsche Bank (-2.5%), and SAP (-2.2%) posted the biggest losses. Lufthansa dropped 4% after Cititgroup cut its rating to "sell" from "neutral". By contrast, E.ON, RWE and Scout24 advanced the most, adding between 0.8%-1.3%.
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