DAX closes near 2-week low as risk sentiment weakens
The DAX 40 fell about 0.8% to 26,152 on Tuesday, its lowest since August 5, as stalled US-Iran talks and higher oil prices pressured rate-sensitive sectors.
The DAX 40 extended early losses to close about 0.8% down at 26,152 on Tuesday, the lowest since August 5, marking the second session of losses.
Risk sentiment remained weak as stalled US-Iran talks raised fears of renewed escalation, sending oil prices and bond yields higher amid growing inflation concerns.
Uncertainty increased after the memorandum of understanding expired, with Washington rejecting an extension and Iran warning of a tougher response if negotiations fail to progress.
Rate-sensitive tech stocks, industrials and banks faced heavy selling pressure.
Chipmaker Infineon Technologies plunged over 7%, making it the worst performer.
AI-related stocks Siemens Energy (-4.4%) and Hochtief (-1.1%) also declined, amid profit-taking.
Other top losers included Heidelberg Materials, Siemens, Airbu, MTU Aero Engines and Continental, down between 1.9% and 3.5%: On the upside, SAP (1.9%), Bayer (1.7%) and Deutsche Telekom (1.7%) emerged as the biggest gainers.