German shares gain 0.46 pct at start of trading Tuesday

Source: Xinhua| 2020-06-30 16:59:55|Editor: huaxia

BERLIN, June 30 (Xinhua) -- German stocks showed little changes at the start of trading on Tuesday, with the benchmark DAX index rising 55.82 points, or 0.46 percent, opening at 12,287.94 points.

The biggest winner among Germany's largest 30 companies at the start of trading was financial service provider Wirecard, increasing by 62.88 percent. Last week, shares of Wirecard had collapsed by around 80 percent as the company announced to file for insolvency over an accounting scandal.

Chipmaker and semiconductor manufacturer Infineon came in second, growing by 2.07 percent, followed by automotive supplier Continental with 1.31 percent.

Shares of Bayer fell by 0.52 percent. The German pharmaceutical and chemical company was the biggest loser at the start of trading on Tuesday.

German housing company and DAX member Vonovia is set to hold its general meeting virtually on Tuesday due to the situation with the coronavirus.

The Federal Statistical Office (Destatis) announced Tuesday that producer prices of services in the first quarter increased 1.6 percent year-on-year.

The yield on German ten-year bonds went down 0.001 percentage points to minus 0.471 percent, and the euro was trading at 1.1241 U.S. dollars, increasing slightly by 0.01 on Tuesday morning. Enditem