The DAX fell 0.7% to 24,962 points in mid-week trading, failing to reclaim the psychological 25,000-level that has served as a key support zone.
The German benchmark’s decline reflects broader weakness across European equities, which have struggled to stabilize following a sharp sell-off in technology shares earlier in the week.
IBM shares plunged 25%, exerting significant downward pressure on the benchmark.
The index’s retreat is being driven by divergent moves among major constituents.
IBM shares plunged 25%, exerting significant downward pressure on the benchmark.
In contrast, semiconductor equipment maker ASML posted a notable rally, providing some offsetting strength within the tech-heavy index.
The MDAX, tracking mid-cap German stocks, also slipped, indicating that selling pressure is broadening beyond the largest blue-chip names.