The DAX 40 declined by 0.5% to approximately 24,800 on Friday, representing its third consecutive day of losses, influenced by a significant selloff in technology stocks and rising concerns regarding escalating tensions in the Middle East. Oil prices have stayed high as the United States and Iran escalated their confrontations in the Gulf, leading to disruptions in oil transportation through the Strait of Hormuz and perpetuating inflationary worries.

Markets largely anticipate that the ECB will keep rates unchanged next week, with a possible reduction on the horizon in September. Chipmaker Infineon Technologies experienced a decline of 5%, while Siemens Energy, linked to AI infrastructure, saw a decrease of 2.6%. Hochtief also faced a downturn, with a drop of 2.5%, positioning these companies among the worst performers.

Deutsche Bank and Commerzbank encountered downward pressure, declining by 1.5% and 1.4%, respectively. On the upside, Deutsche Telekom recorded a 2.5% increase, followed by E.ON with a 1.7% rise, and SAP at 1.6%. For the week, the index was poised to decrease by more than 1%.