Current Dax: Dax opens in the red – chip values under pressure
The poor mood on the Asian markets is also putting pressure on the German benchmark index. Doubts about AI are weighing on chip stocks. Will economic data provide more positive impulses for investors?
The global sales slump in chip stocks continues, with the German benchmark index Dax starting Thursday with losses, down 0.6% at 25,135 points. This follows a higher-than-expected US inflation rate of 3.7% in September, which has raised concerns that the Fed may raise interest rates again. Asian markets, including South Korea's Kospi, have also been hit, with the latter plummeting over 7%.
Meanwhile, company earnings reports are due from Total, Gerresheimer, and United Airlines, and investors are awaiting US producer prices and jobless claims data.
Written by urgent.news from Handelsblatt's report — not a translation of it. Machine-written — may contain errors; check the original before relying on it.
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- Dax currently: Dax opens in the red – chip values under pressure handelsblatt.com
