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Germany's benchmark DAX index close up on Wednesday

Xinhua, December 8, 2016 Adjust font size:

The benchmark DAX index at Frankfurt Stock Exchange on Wednesday surged 211.37 points, or 1.96 percent, and closed at 10,986.69 points.

The market expects the European Central Bank to extend its asset purchase program by at least six months beyond its scheduled end in March and to maintain the monthly bond purchase volume at 80 billion euros(86.06 billion U.S. dollars).

Driven by optimism the DAX index opened sharply higher, successfully broke out the sideway movement around 10,500 points since August, and closed at new record of the year.

Industrial group ThyssenKrupp gained the most by 6.65 percent, as reported that it is currently building one of the world's biggest production sites for steering technology in China.

German utility company RWE dropped the most by 2.64 percent. RWE are entitled to a compensation of expected 300 to 400 million euros for nuclear phase-out, the analyst of Goldman Sachs maintained his neutral rating on shares of RWE.

Deutsche Bank was the most traded share of the day with a volume of 426.13 million euros. Enditem