German shares gain 0.65 pct at start of trading on Wednesday

2021-03-03 12:06:56 GMT2021-03-03 20:06:56(Beijing Time) Xinhua English

BERLIN, March 3 (Xinhua) -- German stocks were off to a good start on Wednesday, with the benchmark DAX index rising by 91.06 points, or 0.65 percent, opening at 14,130.86 points.

The biggest winner among Germany's 30 largest listed companies at the start of trading was automotive supplier Continental, increasing by 5.04 percent, followed by carmaker Volkswagen and Daimler with 3.69 and 2.09 percent.

Shares of Delivery Hero fell by 0.19 percent. The German online food delivery company was the biggest loser at the start of trading on Wednesday.

Germany's foreign trade with China "recovered quickly," the country's Federal Statistical Office announced on Wednesday. In 2020, exports to China were nearly at levels seen in the previous year, only declining by 0.1 percent year-on-year to 95.9 billion euros (about 116 billion U.S. dollars).

The yield on German ten-year bonds went up 0.012 percentage points to minus 0.337 percent, and the euro was trading almost unchanged at 1.2084 U.S. dollars, decreasing by 0.02 percent on Wednesday morning. Enditem

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