European equity markets opened with resilience on Thursday, as the DAX held firm near its recent highs despite escalating geopolitical tensions in the Middle East.
The German benchmark showed little volatility in early trading, reflecting a market that appears to have priced in the risk of further US military action against targets in Iran.
The stability in Frankfurt came as chip stocks provided crucial support across global markets.
Semiconductor shares, which have been the primary engine of the recent tech rally, continued to attract buying interest in both New York and European sessions.
This sector strength helped offset broader caution among investors wary of the geopolitical fallout from the latest strikes.
Traders showed limited appetite to chase the gains seen in Asian markets overnight, with futures indicating a largely unchanged open for the DAX.