
The German stock market fell on Thursday after a new record high of 26,685.23 points and closed at 26,322 points, around 0.4 percent in the red.
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The Dax had gained more than five percent or 1,400 points in the past two trading weeks. In early autumn, the market traded mostly in a sideways range between 25,000 and 25,600 points before breaking out sustainably for the first time last week.
In the past two trading weeks, the DAX has gained more than five percent or 1,400 points. On Thursday he can only build on this in the first half of the day.
Dusseldorf. The outcome of the midterms in the USA, hope for diplomatic progress in the Iran war, falling energy prices and bond yields, as well as important company balance sheets: a number of factors suddenly helped the German stock market to a new record high on Thursday. The DAX rose to 26,685.23 points.
At the start of US trading, within a few minutes there was nothing left of the profits. With a decline of over five percent in the Nasdaq tech index, the sell-off in AI stocks continued. Chip manufacturers in particular lost double-digit value in some cases. At 26,322 points, the DAX closed around 0.4 percent in the red.
The decline was correspondingly large for chip stocks and tech stocks listed in Germany:
Infineon lost more than eight percent in the DAX.
The MDax stocks Siltronic, Aixtron, Nemetschek and Suss Microtec lost between nine and 14 percent.
In the SDax, LPKF and PVA Tepla were twelve percent in the red.
In early autumn, the German stock market was trading mostly in a sideways range between 25,000 and 25,600 points for several weeks. He broke out of this for the first time last week. As a result, the DAX continued to work its way up.
In the past two trading weeks it has increased by more than five percent or 1,400 points - a very rapid increase in a short period of time. New follow-up buyers were also found on Thursday. No profit-taking was observed yet.

The Dax reached a new record high of 26,692 points, while Wall Street fell sharply after the US midterm elections. A rotation from AI stocks towards cyclical stocks as well as falling oil prices and hopes of de-escalation in the Middle East are supporting European markets.

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The DAX rose to a new record high of 26,685.23 points on Thursday, driven by the US midterms, diplomatic hopes in the Iran war, falling energy prices and yields and company balance sheets. However, after the start of US trading, profits fell rapidly, with tech and chip stocks losing particularly sharply. In the afternoon, the Dax is back at its original level at 26,404 points.

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After the US midterms, the US indices start in the red, with technology stocks in particular losing sharply. The leading German index reaches a new record high. Investors worry about AI policy among Democrats and the profitability of AI investments. At the same time, oil prices are falling and US bond yields are rising again.