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[BUSINESS] · Germany, United States, South Korea · 30 sources

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German DAX nears record high on tech rally and earnings boost

The German DAX traded between 25,680 and 25,730 points on Friday, staying just shy of its July record high of 25,900 points. The advance was led by a strong rally in technology stocks, most notably Microsoft, which rose more than 15 % after posting better‑than‑expected quarterly earnings, and Samsung, whose shares jumped about 27 % following its earnings release. German semiconductor maker Infineon also posted a gain of roughly 5 % and became one of the index’s top performers. Lower oil prices and a generally positive earnings season in the United States and Asia added further support, while comments from the U.S. Federal Reserve about a tighter monetary stance kept market participants cautious. Profit‑taking and a modest pull‑back in some sectors, such as Adidas, tempered the gains, but overall sentiment remained upbeat.

Entities

Adidas · Amazon.com Inc. · Amazon.com, Inc. · Andreas Lipkow · Brent crude oil · DAX · DAX (German stock index) · Dax · Deutscher Aktienindex (DAX) · Federal Reserve Board · German DAX · German DAX

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