2026.05.1516:16:29UTC+00DAX Closes Deeply in the Red

Frankfurt’s DAX 40 extended losses on Friday, closing down about 2.1% at 23,951 and snapping a two-session rally, while underperforming most other major European indices. Sentiment weakened amid stalled diplomatic efforts over the Iran conflict, renewed inflation concerns, and mounting fears of fresh military escalation. US President Trump again issued a warning to Tehran, stating that his patience would not last much longer.

Adding to the bearish tone, investors were left disappointed by the lack of tangible outcomes from the much-anticipated Trump–Xi summit in China, particularly regarding trade and the Iran situation.

Technology stocks, which had rallied strongly in recent days on the back of the ongoing AI boom, were among the steepest decliners. Infineon dropped more than 4%. Energy-sensitive industrials also came under pressure, with Siemens sliding 5.5% and Siemens Energy down 4.4%.

In contrast, SAP and Münchener Rück were among the session’s few bright spots, each advancing more than 1%. Over the week as a whole, the DAX slipped roughly 1.6%.