Germany’s DAX Index Hits 12,000 for First Time as K+S, BMW RiseAlan Soughley
German stocks advanced for a second day, crossing 12,000 for the first time.
The benchmark DAX Index added 0.8 percent to 11,995.88 at 9:45 a.m., after earlier touching 12,001.98. The equity measure has rallied 22 percent this year, buoyed by the European Central Bank’s commitment to quantitative easing and better-than-forecast economic data.
Gains the DAX were led by K+S AG, Siemens AG and Bayerische Motoren Werke AG, which rose at least 1.5 percent.