Business · Markets · 9 hrs ago
Dax closes little changed as tech stocks face pressure
Germany’s Dax closed nearly unchanged despite pressure on technology shares.
A sharp selloff in chip stocks also affected German manufacturers, though the story does not name them.
BMW shares rose 2.4% as the company benefited from strong demand for electric cars.
Investors are watching the start of the earnings season, when companies publish their financial results.
Morgan Stanley and Bank of America were due to report on Wednesday, according to the story.
Oil prices also eased, with Brent crude down 0.5% to about $106.10 a barrel amid concerns about Middle East tensions and possible supply risks.
Germany’s DAX closed 0.1 percent lower at 25,259 points after giving up an earlier gain.
Concerns about technology stocks, especially chipmakers, weighed on shares.
A hesitant start to the third-quarter earnings season also pressured markets.
The DAX had risen 0.7 percent in the morning.
- Who
- The DAX and investors in German stocks.
- What
- The DAX closed 0.1 percent lower at 25,259 points.
- When
- October 13, 2026.
- Where
- Germany’s stock market.
- Why
- Chip-sector concerns and a hesitant start to the earnings season weighed on shares.
This story does not have two clearly opposing sides.
Semiconductor stocks were sold on Wall Street.
The DAX was up 0.7 percent.
The DAX ended 0.1 percent lower at 25,259 points.
- DAX close
- 25,259 points
- Daily change
- Down 0.1 percent
- Morning gain
- 0.7 percent
- Largest DAX loser
- Infineon
- Brent crude
- Around $106 per barrel in the Handelsblatt report
3 sources
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What people are saying
Die technologische Konkurrenz aus dem Reich der Mitte nährt die Sorge, wie lange sich die hohen Bewertungen und Gewinnmargen der etablierten Chipkonzerne noch rechtfertigen lassen