Meaning of “the DAX” in the English Dictionary

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"the DAX" in Business English

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the DAXnoun [ S ]

uk us STOCK MARKET

abbreviation for Deutscher Aktien-Index 30: a share index (= a system used to show changes in the total value of shares in a number of companies) in 30 leading German companies on the Frankfurt stock market:

The DAX closed down 1.30% yesterday.

(Definition of “the DAX” from the Cambridge Business English Dictionary © Cambridge University Press)