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DAX Under Pressure: The Double Shock from Tech and Geopolitics!

Frank Sohlleder
September 11, 2025

The DAX simply cannot break free. After initial gains, the German leading index was forced to close in the red again, finishing with a loss of 0.36 percent at 23,632.95 points. In after-hours trading, it faced further selling pressure. The negative sentiment is driven by two main factors: first, the weak performance of SAP shares, which fell by 2.9 percent. Investors fear that the tech giant is lagging behind competitors like Oracle in the cloud business. Second, geopolitical tensions are escalating after Russian drones violated Polish airspace, pulling NATO further into a spiral of escalation.

 

Siemens Stocks Defy the Turbulence: Who Is the Rock in the Surf?

Despite the overall pressure, there were also bright spots. Shares of Siemens Energy recorded a strong gain of 4.6 percent. With this performance, the stock appears to have ended its recent correction and resumed its uptrend. Rheinmetall (+3.3 percent) and Siemens Healthineers (+2.2 percent) also showed resilience. These individual stocks demonstrate that even in an uncertain market environment, targeted strength can be built.

 

ECB Decision as a Beacon of Hope: Can It Stabilize the DAX?

From a technical standpoint, the DAX faces a continuation of the downward movement. Momentum has shifted to the short side, and the important support at 23,500 points is now a target for the bears. Should this level fall, the situation would be bleak. However, investors are pinning their hopes on the ECB. A monetary policy decision that is seen as supportive of the economy could provide the necessary positive impulse.

 

Will the ECB stabilize the DAX, or will the downtrend continue?

 

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