The DAX is expected to open nearly unchanged, according to initial calculations, even as US strikes on Iran continue for a second day. Markets in New York and Asia rose overnight, led by chip stocks. However, Germany’s benchmark index cannot benefit from this, as the major protagonists of the AI rally are based in New York and Asia. On Tuesday, the DAX closed 0.89 percent higher at 25,118 points.
In Asia, chip stocks were the main focus. In Tokyo, the Nikkei index gained around 2.0 percent, while the chip-heavy Kospi index in South Korea rose 4.0 percent. South Korean chipmaker SK Hynix added 2.8 percent, and Samsung gained 3.0 percent. In Japan, technology stocks benefited from multi-billion-dollar investment plans by US memory chip maker Micron. Technology investor SoftBank jumped 11.3 percent.
In the US, stock markets posted gains despite the military confrontations. The tech-heavy Nasdaq 100 rose 1.62 percent to 29,727 points, the Dow Jones added 0.27 percent to 52,487 points, and the broad S&P 500 gained 0.81 percent to 7,543 points. The gains were triggered by semiconductor maker Micron, whose stock rose 4.5 percent. The company unveiled plans to invest more than $250 billion in the US by 2035.
Source: Tagesschau
