BERLIN, May 27 (Xinhua) -- German stocks were up at the start of trading on Wednesday, with the benchmark DAX index increasing by 25.55 points, or 0.22 percent, opening at 11,530.20 points.

The biggest winner among Germany's largest 30 companies at the start of trading was Deutsche Bank, increasing by 3.16 percent, followed by carmaker Daimler with 2.17 percent and plastics specialist Covestro with 1.82 percent.

Shares of Infineon fell by 3.23 percent. The German chipmaker was the biggest loser at the start of trading on Wednesday.

On Tuesday after trading, chipmaker Infineon announced it raised approximately one billion euros (1.1 billion U.S. dollars) in a "successful share placement" in order to repay a part of the acquisition financing provided by banks for the purchase of semiconductor producer Cypress.

"With the share placement we completed the envisaged equity portion of the overall refinancing of the Cypress acquisition," explained Sven Schneider, chief financial officer of Infineon.

The yield on German ten-year bonds went down 0.015 percentage points to minus 0.441 percent, and the euro was trading almost unchanged at 1.0976 U.S. dollars, decreasing slightly by 0.01 percent on Wednesday morning. Enditem

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