Dax current: US stock market slump ends Dax record hunt - German chip stocks collapse

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.

Traders on the Frankfurt Stock Exchange: The Dax has set a new record. Photo: IMAGO/Eibner

Dusseldorf. The outcome of the midterms in the USA, hopes 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 drove the German stock market to a new record high on Thursday. The DAX rises to 26,685.23 points.

But at the start of US trading, within a few minutes there was nothing left of the profits. With a loss of almost four percent in the Nasdaq tech index, the sell-off in AI stocks continues. Chip manufacturers in particular are losing double-digit value in some cases. At 26,404 points, the Dax is back at its starting level in the afternoon.

The loss is correspondingly large for chip stocks and tech stocks listed in Germany:

Infineon is losing more than eight percent in the DAX.

The MDax stocks Siltronic, Aixtron, Nemetschek and Suss Microtec are losing between eight and twelve percent.

In the SDax, LPKF and PVA Tepla are ten 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.