German shares gain 1.53 pct at start of trading on Thursday

Source: Xinhua| 2020-04-09 17:25:12|Editor: Yurou
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BERLIN, April 9 (Xinhua) -- German stocks continued this week's recovery and were off to a good start on Thursday, with the benchmark DAX index rising 157.76 points, or 1.53 percent, opening at 10,490.65 points.

The biggest winner among Germany's largest 30 companies at the start of trading was chip manufacturer Infineon, increasing by 4.56 percent, followed by carmaker Daimler with 3.27 percent and Germany's biggest airline Lufthansa with 2.96 percent.

Shares of Vonovia fell by 0.58 percent. Germany's largest housing company was the biggest loser at the start of trading on Thursday.

On Thursday, the German Federal Statistical Office (Destatis) announced that total German exports still increased by 0.4 percent to 109.3 billion euros (118.9 billion U.S. dollars) in February year-on-year while imports already decreased by 2.9 percent to 88.5 billion euros (96.18 billion dollars).

The yield on German ten-year bonds went down by 0.006 percentage points to minus 0.317 percent and the euro was trading almost unchanged at 1.0858 dollars, increasing slightly by 0.01 percent on Thursday morning.

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