The DAX 40 edged lower to around 24,845 on Friday, erasing the previous session’s gains as investor enthusiasm for artificial intelligence (AI) cooled after a weaker-than-expected earnings report from Broadcom. Sentiment was further dampened by ongoing tensions in the Middle East and stalled US–Iran negotiations. In the latest developments, Hezbollah rejected a ceasefire proposal in Lebanon, while President Donald Trump reiterated a hardline position on Iran, amplifying geopolitical concerns.
The tech sector came under significant selling pressure, with Infineon Technologies dropping more than 5%. Major industrials also declined, including Siemens (-0.9%) and Siemens Energy (-0.6%), while bank stocks posted only modest gains.
