DAX STOCK INDEX
The DAX STOCK INDEX (Deutscher Aktien IndeX, formerly Deutscher Aktien-Index (German stock index)) is a blue chip stock market index consisting of the 30 major German companies trading on the Frankfurt Stock Exchange.
DAX Stock Index
DAX Stock Index GraphEuropean stock Index slumped amid renewed concerns over Greece's debt situation and by disappointing comments on the U.S. Stock index from Federal Reserve Chairman Ben Bernanke. The Stoxx Europe 600 index fell 1.1% to 269.01, the sixth straight loss. The U.K. Stock Index FTSE 100 Index Chart shed 1% to 5808.89, France's CAC-40 index fell 0.9% at 3837.98, and Germany's DAX Stock Index skidded 0.6% to 7060.23.
German DAX stocks pared declines with the benchmark DAX Index Chart slipping 0.1 percent to 7,102.42 as of 10:43 a.m. in Frankfurt. The gauge earlier retreated as much as 0.6 percent. The benchmark Historical DAX Index (DAX) decreased 1.1 percent to 7,217.43 at the 5:30 p.m. close in Frankfurt.
The benchmark Nifty was trading below the 5,550 level, dragged down by financial, oil & gas, healthcare, metal, cement and select auto companies' shares. Weak global cues too weighed on the market post Ben Bernanke comments. European markets like France's CAC, Germany DAX Stock Index and Britain's FTSE Stock Index lost about 1% each. Even US index futures were down nealy half a percent.
DAX STOCK INDEX markets dropped at the opening of trading on Wednesday, with London's benchmark FTSE 100 index of top shares down 0.19 percent to 5,853.42 points. Frankfurt's DAX 30 shed 0.38 percent to 7,076.31 points and in Paris the CAC 40 retreated 0.37 percent to 3,857.65.
In Asia, stock markets finished mixed. Japan Stock Index Nikkei Stock Index Average reversed early losses to rise 0.1%, but South Korea's Kospi Composite shed 0.8% lower. Hong Kong Stock Index Hang Seng Index fell 0.9%, while the Shanghai Composite Index rose 0.2%.