DAX closes about 0.4% lower amid Middle East tensions
Germany’s DAX 40 closed about 0.4% down at 26,370, reversing prior-session gains, as heightened Middle East tensions offset improving investor optimism around artificial intelligence.
The DAX 40 closed about 0.4% down at 26,370 on Monday, reversing gains from the prior session, despite remaining close to record highs.
Heightened Middle East tensions offset growing investor optimism over artificial intelligence.The 60-day Washington-Tehran truce expires today, with the standoff over Hormuz continuing and threats from both sides escalating.
Meanwhile, investors continued to adjust their expectations for US interest rates following a series of weaker-than-expected economic data.
Several sectors faced selling pressure, particularly retailers and autos, while tech and financials provided support.
Among single stocks, Zalando, Adidas, Scout24, Beiersdorf, Henkel and Symrise posted the largest declines, ranging between 1.9%-3.4%.
On the upside, top gainers included Deutsche Borse, Rheinmetall, Siemens Energy and Infineon Technologies.