DAX Finishes Lower
2026-10-30 17:06
By
Luisa Carvalho
1 min. read
Frankfurt's DAX fell further to close about 0.9% down at 25,819 on Friday, snapping a four-day winning streak, pressured by rising oil prices and the seloff in tech stocks.
Growing concerns about a possible renewed US military strike against Iran weighed, while AI concerns intensified following disappointing results from US big technology companies.
Attention was also on a batch of economic data from major European economies.
Preliminary figures showed German inflation eased more than anticipated in October, while the economy continued to expand at a modest pace.
Among single stocks, Infineon Technologies and AI-related Siemens Energy and Hochtief posted the biggest losses, ranging between 3%-7.1%.
Other top decliners included Deutsche Bank (-3.6%) and Siemens (-2.9%).
On the upside, Bayer shares surged over 5% after securing a unanimous jury verdict in its favour in a lawsuit alleging that its Roundup weedkiller The index booked gains of around 2.5% over both the week and the month.