German DAX Holds Above 25,000 Amid Middle East Tensions and AI Stock Pullback
On Monday the German DAX edged up by about 0.18‑0.19%, closing near 25,112‑25,114 points and staying just above the 25,000 threshold. The MDAX also rose roughly 0.2% to around 31,980 points. Market analyst Andreas Lipvow of CMC Markets said “bargain hunters have pushed the Dax back over the 25,000 mark,” noting that investors appear to be discounting the immediate fallout from the escalating conflict in the Middle East.
The United States launched a fourth wave of attacks on Iran, prompting concerns over oil‑price spikes and inflation, but the German market showed resilience. Asian technology indices such as South Korea’s Kospi and Japan’s Nikkei fell sharply, and the Nasdaq opened weakly in New York, while the Euro Stoxx 50 was largely unchanged.
Sector‑specific moves were mixed. Lufthansa and travel group TUI slipped 2‑4% on the DAX, whereas internet‑service provider Ionos gained about 8% after a Bank of America upgrade. Hellofresh, a meal‑kit company listed on the SDax, fell to a record low of €3.45, with Kepler Cheuvreux analyst Sven Sauer cutting its target price and downgrading the stock to “Reduce.”
Overall, the German equity market absorbed the geopolitical shock and AI‑related profit‑taking, with defensive and communication stocks such as Deutsche Börse, Siemens Healthineers and Deutsche Telekom featuring among the gainers.