DAX at Near 2-Week Low
2026-08-18 07:35
By
Luisa Carvalho
1 min. read
The DAX 40 was down for a second session on Tuesday, falling about 0.4% to near 26,200, a level not seen since August 6.
Rising oil prices and higher bond yields, driven by escalating tensions between the US and Iran, weighed on the market, alongside fresh jitters on AI spending.
The expiry of the 60-day US-Iran interim agreement on Monday without a breakthrough added to geopolitical uncertainty.
Washington has rejected an extension, while Iran warned of a tougher response if progress is not made in the coming weeks, raising concerns over further disruption in the Strait of Hormuz and global energy supplies.
Technology and industrial stocks were among the hardest hit, with Infineon Technologies (-2.5%), Siemens Energy (-2.2%), Siemens (-0.9%) and Hochtief (-0.6%) ranking among the worst performers.
On the flip side, BASF (-0.9%), Deutsche Post (0.9%) and Deutsche Telekom (0.8%) posted the biggest gains.