FRANKFURT (dpa-AFX) – The Dax reached another record high in early trading on Tuesday and then quickly lost momentum. The leading German index closed down 0.11 percent at 19,486.19 points, after reaching its highest level in history at just under 19,634 points in the morning. In contrast, the MDax index of mid-caps rose by 0.15 percent to 26,935.00 points on Tuesday.
The dampening of sentiment in the course of trading was attributed to the fact that the USA is considering limiting the sale of state-of-the-art AI chips to certain countries in the interests of national security. In addition, chip supplier ASML is taking a more cautious view of 2025 following a disappointing order intake, causing its shares to slump and thus also weighing on chip stocks worldwide.
The economic expectations of German financial experts brightened somewhat more than expected in October. The ZEW indicator had fallen significantly in the…
