Thu, 28 Oct 2021

BERLIN, Sept. 23 (Xinhua) -- German stocks were off to a good start on Thursday, with the benchmark DAX index rising 123.26 points, or 0.79 percent, opening at 15,630.0 points.

The biggest winner among Germany's 40 largest listed companies was automotive supplier Continental, increasing by 2.49 percent, followed by chipmaker Infineon with 1.91 percent and biopharmaceutical industry partner Sartorius with 1.77 percent.

On Thursday, Swiss bank UBS raised its price target for Infineon from 43 to 45 euros and left the rating at "Buy." Shares of the German chipmaker were trading at around 38 euros at the start of trading on Thursday.

Shares of Fresenius fell by 0.02 percent. The German dialysis specialist was the biggest loser at the start of trading on Thursday.

Germany's exports to third countries outside the European Union in August declined by 1.3 percent on the previous month but were still up 12.6 percent year-on-year, reaching 48.6 billion euros (56.9 billion U.S. dollars), the country's Federal Statistical Office (Destatis) announced on Thursday.

The yield on German ten-year bonds grew 0.0165 percentage points to minus 0.3105 percent, and the euro was trading almost unchanged at 1.1728 dollars, increasing by 0.01 percent on Thursday morning.

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