The differences are as follows:
1. The meaning of reflection is different:
The GER30 index attempts to reflect the total return of the German stock market, while the German DAX index only reflects the market price changes.
2. Different scope of use:
The GER30 index is an important securities index in Europe that is as famous as the London Financial Times Index, and is also one of the important indexes in the world's securities market;
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It has a wider range of applications and is generally used and accepted by everyone. The German DAX index has a relatively smaller range of applications.
3. The trading hours are different:
The trading time of the German DAX index is 06:00-20:00 GMT every day, which is 2 pm Beijing time - - 4 a.m.
The German GER30 index trading time is after the stock market opens.
Extended information:
GER30 Index: It is an important stock index in Germany. A blue-chip stock index launched by Deutsche B?rse AG. The index contains 30 major German companies.
The GER30 index is an important securities index in Europe that is as famous as the London Financial Times Index in the United Kingdom. It is also one of the important indexes in the world's securities market.
The index is traded through the Xetra trading system, so its trading method is different from the traditional public trading method, but uses electronic trading to facilitate global trading.
But unlike other indexes, the GER30 index attempts to reflect the total returns of the German stock market, while other indexes only reflect changes in market prices.
The German Index takes into account dividend income and nominally reinvests all dividend income in stocks according to the proportion of constituent stocks.
In this way, even if German stock prices do not change, the Deutsche Index may still rise due to dividend income. Futures and options contracts on the German index are listed for trading on the European Futures and Options Exchange-EUREX.
The GER30 index was launched in 1987 to replace the then-current index and the Frankfurter Allgemeine Zeitung Index. Official trading began on July 1, 1988, with the base point being 1,000 points.
The index is calculated based on the "total return method", which takes into account the company's stock price and expected dividend returns.
The trading hours of the GER30 index are also based on the stock trading hours in Germany. However, in different regions, the trading hours of different foreign exchange platform trading products are also different;
DAX The index is Germany's most respected stock price index, but the index only consists of 30 blue-chip stocks and is considered too narrow in scope to be used as an indicator of the overall performance of the stock market.
The DAX30, like the US S&P 500, the French CAC-40 stock index and the London Financial Times 100 stock price index, is a stock price average index weighted by market capitalization, rather than a simple average stock price average index.
But unlike other indexes, the DAX30 index attempts to reflect the total returns of the German stock market, while other indexes only reflect changes in market prices.
The DAX30 index takes into account dividend income and nominally reinvests all dividend income in stocks in proportion to the constituent stocks.
Reference link: Baidu Encyclopedia-German DAX Index