Hochtief enters the DAX for the first time

Construction group Hochtief joined Germany's benchmark DAX index on June 22. The Essen-based firm replaces Porsche SE.

Hochtief joined the DAX for the first time on June 22. The inclusion follows index rules that review free-float share value and trading volumes every three months.

The group benefits from building data centers for AI, mainly in the United States. Its share price more than tripled within one year. A market value of around 38 billion euros enabled the move.

Hochtief serves as the parent company with subsidiaries including Turner in the USA and CIMIC in Australia. At the end of 2025 the firm employed about 61,500 people. Chief executive Juan Santamaría Cases also serves as CEO of ACS. The Spanish group ACS has held the majority stake in Hochtief since 2011.

Makala yanayohusiana

Construction group Hochtief will join Germany’s benchmark DAX index for the first time on June 22. The Essen-based company replaces Porsche Automobil Holding SE, which drops to the MDAX.

Imeripotiwa na AI

The ACS group has announced a 2% capital increase and the sale of shares totaling 2.173 billion euros to boost its strategic plan focused on digital infrastructure.

Automotive supplier Bosch posted its first loss since 2009 last fiscal year, with a net deficit of 400 million euros. Despite domestic losses, CEO Stefan Hartung looks ahead optimistically. For 2026, the company forecasts sales growth and a solid operating margin.

Imeripotiwa na AI

The long-standing pricing gap between mainland China-listed A shares and Hong Kong-listed H shares of dual-listed companies has narrowed—and in some cases reversed—as global investors re-rate China’s technology companies. The Hang Seng AH Premium Index has stayed below 120 in recent sessions, down sharply from 157.89 in February 2024. The shift is most evident in hard-technology firms like CATL, Montage Technology and GigaDevice Semiconductor.

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