German stocks closed lower on Friday, with selling concentrated in Technology, Construction and Industrials and the benchmark DAX ending the day down 1.25%.
At the close in Frankfurt, the DAX recorded a 1.25% decline, the MDAX fell 1.16%, and the TecDAX dropped 0.89%.
Among DAX constituents, SAP SE (ETR:SAPG) was the best performer, finishing up 2.16% or 2.86 points at 135.14. Consumer staples firm Beiersdorf AG O.N. (ETR:BEIG) rose 2.14% or 1.58 points to 75.52, while sportswear maker Adidas AG (ETR:ADSGN) gained 2.14% or 3.80 points to close at 181.70.
On the downside, Porsche Automobil Holding SE (ETR:PSHG_p) fell 6.49% or 1.93 points to 27.83, reaching all-time lows. Online fashion retailer Zalando SE (ETR:ZALG) dropped 6.32% or 1.68 points to finish at 24.92, and industrial energy group Siemens Energy AG (ETR:ENR1n) slid 5.84% or 9.54 points to 153.92.
The MDAX saw gains from RENK Group AG (ETR:R3NK), which climbed 3.22% to 42.21. Delivery Hero AG (ETR:DHER) added 2.31% to settle at 35.81, and RTL Group SA (ETR:RRTL) increased 1.60% to close at 31.75. Weakness in the mid-cap index included Thyssenkrupp AG O.N. (ETR:TKAG), down 7.53% to 10.26, AUTO1 Group SE (ETR:AG1G), which lost 4.66% to settle at 23.34, and Tui AG NA (ETR:TUI1n), which declined 4.30% to 7.39.
TecDAX movers were led by Nagarro SE (ETR:NA9n), which jumped 19.86% to 40.44. SMA Solar Technology AG (ETR:S92G) rose 4.55% to 53.95, and Cancom SE O.N. (ETR:COKG) gained 2.71% to close at 22.70.
Additional notable laggards across the market included Siltronic AG (ETR:WAFGn), down 5.64% to 82.00; SUSS MicroTec SE (ETR:SMHNn), which fell 5.54% to 92.15; and Infineon Technologies AG NA O.N. (ETR:IFXGn), which dropped 4.52% to 78.30.
Market breadth in Frankfurt was tilted to the downside, with falling stocks outnumbering advancing ones by 406 to 251, and 26 issues ending the session unchanged.
The DAX volatility index, a gauge of implied volatility in DAX options, was effectively flat, changing 0.02% to 17.35.
In commodities, Gold Futures for August delivery were reported up 1.42% or 57.30 to $4,104.90 a troy ounce. Energy contracts moved lower, with Crude oil for August delivery falling 3.87% or 2.78 to $69.14 a barrel, and the September Brent contract down 3.93% or 2.97 to $72.53 a barrel.
On the currency front, EUR/USD was essentially unchanged at 1.14, moving 0.27%, while EUR/GBP was unchanged at 0.86, a 0.10% move. The US Dollar Index Futures eased 0.19% to 101.00.
Summary data from the session highlight a market where declines outnumbered gains, headline indices ended lower and volatility on DAX options remained steady even as commodities and currencies showed mixed moves.