The benchmark DAX index at Frankfurt Stock Exchange on Tuesday recovered and added more than 200 points. Local analysts attributed the strong recovery to the decision of the People's Bank of China to cut Reserve Requirement Ratio and also the surprising good economic data from the United States.
The blue-chip DAX index gained 221.76 points, or 2.34 percent and closed at 9,717.16 points. All the 30 DAX member shares gained on Tuesday. The two utilities companies RWE and E.ON each advanced by 6.02 percent and 4.03 percent. K+S, a supplier of standard and specialty fertilizers, added 4.72 percent.
Volkswagen climbed by 4.55 percent. BMW rose by 4.2 percent. Bayer was the most traded share of the day with a turnover of 263.35 million euros (around 287.24 million U.S. dollars).
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