Germany's benchmark DAX index rebounds

The benchmark DAX index at the Frankfurt Stock Exchange on Wednesday rebounded and closed up by more than 200 points.

The European Central Bank (ECB) will have its monetary policy meeting at the beginning of December and the central bank has signalled that it stands ready to extend the asset purchase program. Investors turned more optimistic, according to local analysts.

The blue-chip DAX index went up by 235.55 points and closed at 11,169.54 points.

All the DAX member shares rose with K+S Aktiengesellschaft, a supplier of standard and speciality fertilizers, taking the lead. It added 7.67 percent. Allianz SE rose by 3.86 percent. Volkswagen AG Vz continued to climb with an increase of 3.84 percent. Vonovia SE, a residential real estate company, advanced by 3.72 percent and Muenchener Rueck AG, a reinsurance company, surged by 3.31 percent.

The turnover stood at 3.53 billion euros (around 3.76 billion U.S. dollars ). Allianz SE was the most traded share of the day with a turnover of 380.73 million euros (around 405.14 million U.S. dollars).