The DAX 40 fell further to close about 1.3% down at 24,671 on Friday, the lowest in two weeks, halting a two-day advance. The selloff in chipmakers intensified, pressuring the index, amid global uncertainty around tech stocks and mounting concerns over the rising cost of AI infrastructure. Infineon Technologies sank nearly 5%. Other stocks with exposure to the AI-driven data centers were affected, including Siemens Energy (-5.6%) and Hochtief.(-2.4%). Zalando, on the other hand, plunged 6.3% after the German financial regulator opened an investigation into the online fashion retailer’s 2025 report due to suspicions of violations of accounting rules. Volkswagen fell 3.7% after reports the group is considering deeper workforce cuts of up to 100,000 jobs and potential factory closures to restore competitiveness and improve profitability. On the upside, SAP (2.2%) and Beiersdorf (2.1%) were the biggest gainers. For the week, the index recorded a decline of about 1.3%.

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