Tech Weakness Drags DAX Lower

Frankfurt's DAX 40 fell about 0.4% to trade below 25,200 on Thursday, pressured by a broader sell-off in technology stocks.

Concerns over AI-related investments and fears of higher US interest rates weighed on investor sentiment, as rising borrowing costs could put pressure on technology companies and other rate-sensitive sectors.

Meanwhile, traders continued to monitor geopolitical developments and corporate earnings worldwide.

Infineon Technologies plunged over 9%, making it the worst performer, with AI-related Siemens Energy (-6.9%) and Hochtief (-3.5%) also falling sharply.

Other notable decliners included Siemens, Continental, GEA Group, RWE, Deutsche Bank and Commerzbank, falling between 0.6% and 2.6%.

On the upside, telecom, insurers and software companies advanced the most. Deutsche Telekom led gains, rising over 3%, followed by Scout24 (3%), Hannover Ruck (2.6%) and Munchener Ruck (2.5%).