DAX40 stress: Volkswagen in retreat shakes Germany

4 ก.ย.

The DAX 40, which fell by 0.97 %, reflects the tension in various sectors of the German economy, not just the automotive sector. In addition to Volkswagen, other companies in the technology and manufacturing sectors are also under pressure. The TecDAX, which groups the main technology firms, fell by 1.50 %, affected by the fall of Infineon Technologies, whose value fell by 4.68 % due to the slowdown in demand for semiconductors and growing global competition.

The consumer goods and manufacturing sector also showed signs of weakness, with the MDAX losing 1.05 %, reflecting the vulnerability of mid-sized companies that depend on the European domestic market. Companies such as Daimler Truck Holding AG, linked to transport and logistics, plunged 3.47%, hit by high costs and economic uncertainty.The combination of labor disputes, retrenchment strategies and a challenging economic environment is hitting multiple key sectors of the DAX, highlighting a complicated outlook for the German stock market and its investors.

In the technical analysis, DAX40 (Ticker AT: GER40), shows the control point (POC) at 18,459.84 points and an RSI in the middle zone with 52.59%. Meanwhile, Volkswagen AG (Ticker: VOW3:XETR) is trending sideways after an August without significant movement. The selling pressure could continue in the coming weeks, until the financial situation of major technology and automotive firms such as Volkswagen stabilizes, marking a critical period for the German stock market and its investors. It would not be unusual to see the index price retest the mid-channel zone if it pierces the POC price this week.

Ion Jauregui - ActivTrades Analyst







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