The DAX is Germany's primary stock index, listing the 30 largest companies that trade on the Frankfurt Stock Exchange. The acronym stands for Deutscher Aktienindex, or German stock index.
Today, the DAX is one of the most important equity indexes in the world, representing around four-fifths of market capital authorized in Europe's largest economy. It could be compared to the Dow Jones Industrial Average in the United States. This page is an automatic compilation of the latest news involving the DAX.
World equity markets slumped on Friday amid simmering tensions between the United States and North Korea. At one point Germany's benchmark DAX index dropped below 12,000, a psychological marker. Analysts say overall markets have lost one trillion dollars due to the "fear factor".