Around the World's Markets: FRANKFURT

Friday 17 December 1999 00:02 GMT

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GERMANY'S DAX index vaulted the 6,300 points barrier yesterday to its third successive record close, led by a rally in car stocks.

Chemicals were also strong as cyclicals returned to favour after lagging the overall market this year.

The benchmark DAX index closed up 1.74 per cent at 6,341.29 points, just below session highs, with DaimlerChrysler, Volkswagen and BMW the three most heavily traded issues and among the top gainers on the index of 30 blue-chips.

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