FRANKFURT (dpa-AFX) – A legal setback for the aggressive US tariff policy did not have a lasting positive impact on the German stock market on Thursday, despite convincing business figures from AI giant Nvidia. As on the two previous days, the DAX remained closed on the Ascension Day holiday. The tariff issue remains a source of uncertainty for the markets.
The DAX closed 0.44 percent lower at 23,933.23 points. In early trading on Wednesday, it had reached a record high of just under 24,326 points. So far this year, the DAX has gained a good fifth.
The MDAX index of medium-sized companies gained 0.16 percent on Thursday to 30,697.55 points, almost matching the DAX’s performance for the year. Small and medium-sized companies in particular are considered to be the beneficiaries of the new German government’s billion-euro investments.
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