German Stocks Show Signs of Life After $368 Billion Wipe Out
- Benchmark index rebounds after worst quarter since 2011
- Rout was an overreaction poised to reverse, strategist says
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After German stocks lost as much as $368 billion this year, their appeal is slowly coming back.
The benchmark DAX Index has rallied 6 percent in October, set to beat the Stoxx Europe 600 Index for the first month since June. Shares that were battered the most during the rout are rebounding, with investors snapping up companies trading near record lows relative to the broader market. The DAX climbed 2.5 percent on Thursday, more than any other western-European market.