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.
4% down at 26,370 on Monday, reversing gains from the prior session, despite remaining close to record highs. 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.
4%. On the upside, top gainers included Deutsche Borse, Rheinmetall, Siemens Energy and Infineon Technologies.