2026.06.2616:15:29UTC+00DAX Closes at 2-Week Low

The DAX 40 extended losses on Friday, closing down about 1.3% at 24,671, its lowest level in two weeks, and snapping a two-session winning streak. The index came under renewed pressure from chipmakers, as global uncertainty surrounding tech stocks and growing concerns over the rising cost of AI infrastructure weighed on sentiment.

Infineon Technologies dropped nearly 5%, while other companies with exposure to AI-driven data centers also retreated, including Siemens Energy (-5.6%) and Hochtief (-2.4%). Zalando slumped 6.3% after Germany’s financial regulator opened an investigation into the online fashion retailer’s 2025 report on suspicion of accounting-rule violations.

Volkswagen lost 3.7% following reports that the group is considering deeper workforce reductions of up to 100,000 jobs and possible plant closures in an effort to restore competitiveness and boost profitability.

On the upside, SAP and Beiersdorf were the session’s strongest performers, gaining 2.2% and 2.1%, respectively. Over the week, the DAX 40 fell about 1.3%.