India, April 10 -- German stocks are up sharply on Thursday with investors going on a buying spree after U.S. President Donald Trump announced a 90-day suspension of reciprocal tariffs for most U.S. trade partners, except China, to facilitate renewed trade negotiations.
The move by the U.S. President has renewed hopes that the eventual levies will be much less than what he had announced earlier.
The benchmark DAX, which soared to 21,397.00 earlier in the session, gaining over 1,700 points in the process, was up 994.44 points or 5.06% at 20,674.10 a little while ago.
Infineon is soaring nearly 12%. Adidas, Sartorius, Deutsche Bank, Zalando, MTU Aero Engines and SAP are gaining 8 to 11%.
Heidelberg Materials is up more than 7%. BASF, Siem...