DAX loses 181 points as oil and tech stocks weigh at midday
Published on 10/23/2026 at 13:09 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWSOil and technology pressure
- The DAX L&S indication was 25,188 points at 1:04 p.m. CEST, down 181 points or 0.7 percent.
- Brent crude held near USD 115 as renewed Middle East tensions lifted energy costs.
- SAP fell 1.4 percent at 11:16 a.m. CEST as software shares faced valuation pressure.
- October 26, 2026, 9:00 a.m. CET: Xetra trading resumes after the weekend.
The DAX lost 181 points, or 0.7 percent, to 25,188 points on October 23, 2026, based on a Lang & Schwarz indication at 1:04 p.m. CEST. Rising oil prices and renewed concerns about technology valuations weighed on the market.
SAP fell 1.4 percent at 11:16 a.m. CEST, while Infineon rose 0.6 percent after the recent semiconductor selloff. The moves came as software shares faced renewed valuation pressure.
Why is the DAX down at midday?
Brent crude traded near USD 115 a barrel as tensions involving Saudi Arabia and Iran-backed Houthi rebels raised supply concerns, Reuters via Onvista reported. Higher energy costs added to worries about corporate margins.
Technology shares also remained under pressure after heavy losses in U.S. technology stocks. The eurozone composite purchasing managers' index (PMI) fell to 51.9 in October from 53.1, below the 52.7 forecast, InvestingLive reported.
DAX technology shares lead the midday moves
SAP was down 1.4 percent and Infineon was up 0.6 percent at 11:16 a.m. CEST, according to MarketScreener. The same update said software stocks were weaker, while semiconductor shares stabilized.
What comes next for the DAX?
- October 26, 2026, 9:00 a.m. CET: Xetra trading resumes after the weekend.
DAX price data for October 23, 2026
The DAX L&S indication stood at 25,188 points at 1:04 p.m. CEST on October 23, 2026, down 181 points or 0.7 percent from the previous close of 25,369 points. The DAX opened at 25,325.58 points, as Reuters via Onvista reported.
DAX by the numbers on October 23, 2026
- Index: DAX
- Home exchange: Xetra, Germany
- Level at 1:04 p.m. CEST on October 23, 2026: 25,188 points
- Change versus previous close of October 22, 2026: down 181 points (down 0.7 percent)
- Previous close: 25,369 points
- Open: 25,325.58 points
- Next scheduled event: October 26, 2026, 9:00 a.m. CET: Xetra trading resumes
