Dax aktuell: Dax eröffnet im Minus – Chipwerte unter Druck

The global wave of sales in semiconductor stocks continues into the second half of the week, with the German benchmark index opening in the red on Thursday. At the opening bell, the Dax index was down 0.6 percent at 25,135 points. On Wednesday, unexpectedly high September inflation from the United States weighed on the prices. After the inflation rate of 3.7 percent for goods and services was announced in the afternoon, the Dax reversed its daily gains and closed barely unchanged at 25,299 points.

"The US inflation data came in lower than expected, which suggests the Fed could raise interest rates again," comments Kyle Rodda, Senior Financial Market Analyst at capital.com. In addition, investor concerns about the end of the AI boom have unsettled Asian markets on Thursday. This leaves German investors with uncertainties. The South Korean Kospi, which includes many semiconductor stocks, fell by more than seven percent.

Even strong quarterly figures from the world's largest chip contract manufacturer, TSMC, could not stop the selling of semiconductor stocks. Analysts expect the strong performance to be locked in and the market will not rise further in the upcoming reporting season. However, the Dax is less affected by these sell-offs compared to major Asian indices.

Oil prices continue to fall. After initial increases due to attacks on several ships in the Strait of Hormuz, Brent crude oil, refined to December delivery, fell by 1.6 percent to 104.35 US dollars per barrel (159 liters) on Thursday. The American WTI light oil also fell in price. A barrel for delivery in November costs 94.01 US dollars, which is 1.2 percent cheaper than the previous day.

Investor focus is also on the continued reporting season of companies during the course of the day. US banks typically lead the way, with Morgan Stanley and Bank of America presenting quarterly figures on Tuesday and Wednesday. On Thursday, Total, the French energy group, and Gerresheimer, the MDax star manufacturer, release their books.

United Airlines, the airline, follows in the evening. Geopolitically, investors are still waiting for impulses from the United States. After the weak inflation figures, the focus on Thursday is on September producer prices and the number of initial claims for unemployment benefits. Single stocks such as Infineon have also been hit by a renewed wave of selling of semiconductor stocks worldwide.

The German values are under pressure. Infineon lost more than nine percent. More: What drives the new wave of selling of semiconductor stocks.