DAX Ends at Near 3-Month High

Trading Economics
2025.10.02 16:02
portai
I'm PortAI, I can summarize articles.

Frankfurt's DAX rose 1.3% to close at 24,438, marking a near 3-month high, driven by global optimism around AI despite US government shutdown concerns. Siemens surged 4.2% on potential spin-off news, while Siemens Energy gained 4.1% after a price target increase by Berenberg. Tech stocks like Infineon Technologies and SAP also saw gains following OpenAI's share sale, reinforcing the positive market sentiment.

Frankfurt's DAX rose about 1.3% to close at 24,438 on Thursday, the highest level since July 10 and extending gains for a fifth consecutive day.

Global optimism around artificial intelligence helped cushion concerns over the US government shutdown, now in its second day.

On the corporate front, Siemens led gains, surging 4.2%, following reports that the German conglomerate is considering a possible spin-off of a large portion of its stake in Siemens Healthineers.

Siemens Energy followed closely, up 4.1%, after Berenberg raised its price target to €122.00 from €75.00, maintaining its buy rating.

Tech stocks such as Infineon Technologies (+2%) and SAP (+1.9%) also saw solid gains, following an OpenAI share sale that made the firm the world’s most valuable startup.

Source: Trading Economics The copyright of this article belongs to the original author/organization.
The views expressed herein are solely those of the author and do not reflect the stance of the platform. The content is intended for investment reference purposes only and shall not be considered as investment advice. Please contact us if you have any questions or suggestions regarding the content services provided by the platform.