The DAX posted strong growth in its first few years, surpassing 2000 points in 1993, and 5000 in 1998. As the new millennium dawned, the DAX was rallying: at one point in early 2000 it was above 7500.
The unravelling of the dotcom boom in the early 2000s was disastrous for the DAX, though, bringing a sustained bear market for the next three years. By early 2003, the index was down below 2500 once more.
By the time of the 2008 financial crash, the DAX had just got back above the 7500 level, before once again seeing a major move lower – this time dropping below 4000. For the second time, though, it recovered. In the decade after the crash several records were broken, including the 12,000 barrier on 16 March 2015.