India, Aug. 7 -- German stocks are up sharply on Thursday, with investors shrugging tariff concerns and going on a buying spree across the board, focusing mostly on earnings. A report showing a growth in the nation's exports in the quarter ended June is aiding sentiment, somewhat outweighing the data showing a sharp drop in industrial output in the month for June.
The benchmark DAX, which climbed to 24,391.63 earlier in the session, was up 382.17 points or 1.6% at 24,286.70 a little while ago.
BASF is surging higher by over 5%. Allianz is up nearly 5% after reporting better-than-expected second quarter earnings and affirming its full-year operating profit guidance.
Heidelberg Materials is gaining 4.7%, Siemens is up 4.1% and Deutsche Pos...