DAX drops below 26,000 as global tech sell-off hits markets

news.de (German) —

The German DAX index fell below 26,000 points on Friday, dropping 1.46 percent to 25,940 points, following a severe sell-off in US technology stocks that ended its record high run. The decline was triggered by the Nasdaq 100's worst daily loss since March 2020, falling 6.4 percent, while the semiconductor index SOX plunged over 12 percent. Market analyst Jochen Stanzl cited investor fears of a potential AI expansion halt by Democrats. Asian markets also weakened sharply, with Japan's Nikkei 225 and South Korea's Kospi hit hard. The MDax fell 1.07 percent and the EuroStoxx 50 lost 1.2 percent, reflecting broad global market nervousness.


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