Dax current: Dax climbs back above the 26,000 point mark – chip shares are increasing

Dusseldorf. The German stock market is once again in a positive direction at the beginning of the week. The leading index Dax was up 1.1 percent at 26,097 points in morning trading. However, profit-taking has recently started again and again. Staying above the mark in the long term – that’s still difficult for the DAX at the moment.

Last week he set a new record of 26,692.90 points before giving back all of his winnings within two days. He owed the record to new euphoria after the midterm elections in the USA, the collapse of the realization that the Democrats' clear win could reduce the growth of artificial intelligence (AI).

“After the turbulent last few weeks, market participants will initially approach the new starting position cautiously,” writes Andreas Lipkow from the analysis house CMC Markets in his daily stock market analysis. "The initial shock after the US midterm elections seems to have been overcome. Many investors now view the significantly lower prices as attractive entry opportunities again."

This was already evident in Friday trading, in which investors in the Dax and on Wall Street bought stocks that were in double-digit losses the day before, especially the stocks of chip manufacturers. “But more follow-up buyers are now needed so that this recovery can continue,” writes Thomas Altmann from QC Partners.