Germany's DAX closes at 5,3-1/2 year high

Newswire

FRANKFURT, Sept 28 (Reuters) - Germany's blue chip index DAX closed at a 3-1/2 year high of 5,049 points on Wednesday, lifted by upbeat news about restructuring amid its heavyweights and unfazed by the political limbo in Europe's biggest economy. The DAX closed up 1.67 percent, with the spotlight shining on DaimlerChrysler and its increased job cutting efforts. Following an announcement just before trading close that 8,500 jobs would be cut in Germany, DaimlerChrysler shares closed as ...

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