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The DAX

The DAX, or Deutscher Aktienindex, is a German stock market index that tracks the 40 largest blue-chip companies on the Frankfurt Stock Exchange, first published on July 1, 1988. It serves as a key economic indicator and is widely used in financial products, having reached an all-time high of nearly 16,427 points on June 16, 2023. The index is calculated every second using Xetra technology and reflects the performance of major German companies.

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5 views1 page

The DAX

The DAX, or Deutscher Aktienindex, is a German stock market index that tracks the 40 largest blue-chip companies on the Frankfurt Stock Exchange, first published on July 1, 1988. It serves as a key economic indicator and is widely used in financial products, having reached an all-time high of nearly 16,427 points on June 16, 2023. The index is calculated every second using Xetra technology and reflects the performance of major German companies.

Uploaded by

mdeenyale
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
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Download as DOCX, PDF, TXT or read online on Scribd
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The DAX, or Deutscher Aktienindex, is a German stock market index that

tracks the 40 largest German blue-chip companies trading on the Frankfurt


Stock Exchange. It was first published on July 1, 1988, with a base value of
1,163.52. The DAX serves as a key indicator of the German economy and
is a popular underlying asset for financial products.

Here's a more detailed look at the history:


 Establishment:
The DAX was created in 1988 as a way to track the performance of major German
companies.
 Base Date:
The official base date for the DAX is December 30, 1987, with a starting value of
1,000.
 Calculation:
The index is calculated every second since 2006, using the Xetra technology.
 Purpose:
The DAX reflects the development of the largest listed German companies, making
it a leading indicator for the German economy.
 Popularity:
It's a popular underlying asset for financial products like ETFs, futures, options, and
structured products.
 All-time High:
The DAX reached its all-time high on June 16, 2023, at almost 16,427 points.
 Largest Daily Gain:
The largest daily gain in the DAX's history occurred on October 3, 2008, with an
increase of 11.40%.

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