DAX falls as tech stocks weigh on European markets

German stocks fell on Thursday, with the DAX opening 0.57 percent lower at 25,497.94 points and remaining in negative territory, reversing the previous day's gains. The technology sector drove the downturn following mixed earnings from major US companies. The TecDAX also declined 0.35 percent to 4,053.66 points. Oil prices rose sharply after an attack on a Saudi oil field, while strong results from SAP failed to offset broader tech weakness. Asian markets fell sharply, with Tokyo's Nikkei losing 2.65 percent and Hong Kong's Hang Seng dropping 3.03 percent. Investors remain concerned that massive AI investments may not yield sufficient returns, pressuring semiconductor stocks. European markets also opened lower amid renewed geopolitical worries, including US-Russia talks and France's upcoming Moody's rating decision.