Dax currently: Dax opens in the red – chip values under pressure
The poor mood on the Asian markets is also putting pressure on the German leading index. Doubts about AI weigh on chip stocks. Will economic data provide more positive impulses for investors?
The global sell-off in chip stocks continues, with Asian markets and investor sentiment being hit. Germany's Dax index initially fell 0.6 percent but recovered to trade almost unchanged at 25,296 points. The index had closed almost unchanged at 25,299 points on Wednesday after US inflation data came in higher than expected at 3.7 percent.
The strong inflation reading has raised concerns that the US Federal Reserve may raise interest rates again, according to Kyle Rodda of capital.com. Asian markets, including South Korea's Kospi, which lists many chip stocks, have been particularly affected, falling over 7 percent.
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.
This story
This is one outlet's version. Read the fullest account.
- Current Dax: Dax opens in the red – chip values under pressure handelsblatt.com
