P.M. BRIEFING : Euphoria Spurs German Stocks
From Times Wire Services
FRANKFURT, West Germany —
The West German stock market, still riding the crest of investor euphoria after East Germany’s historic decision last week to let its citizens travel freely to the West, surged today for the second straight trading day.
The 30-share DAX index rose 34.27 points to end the session at 1,530.96, a rise of 2.2%. On Friday, it had put on 33.73 points.
Dealers said building and machinery tool firms, well placed to benefit from the more open face of East Germany, were among the strongest gainers. Energy and some automotive shares were also sharply higher as was electronics giant Siemens AG.
