11:59 AM EDT, 05/14/2026 (MT Newswires) -- German equities rose on Thursday, as investor attention remained focused on the ongoing two-day summit between US President Donald Trump and Chinese President Xi Jinping.

Amid a quiet day for local economic news, the blue-chip DAX index ended the trading day 1.32% in the green.

Trump and Xi are expected to discuss trade, technology, Iran, and Taiwan, with investors monitoring potential deals on tariffs and artificial intelligence. Semiconductor stocks rallied globally after Reuters reported, citing sources familiar with the matter, that the US cleared Nvidia (NVD.F) to sell its H200 AI chips to 10 Chinese tech companies, including Alibaba, ByteDance, and JD.com.

Against this backdrop, German semiconductor manufacturer Infineon Technologies (IFX.F) became the blue-chip index's best performer, climbing 5.76%, while Nvidia's Frankfurt-listed shares gained 4.43%.

In other corporate updates, Siemens'(SIE.F) mobility division agreed to buy several core units of Italian railway signaling systems company Mermec Group to bolster its international rail technology portfolio. The acquisition specifically involves Mermec's businesses in Italian wayside signaling, electrification, telecommunication, diagnostics, analytics, and worldwide data infrastructure. The German technology conglomerate gained 2.59% at close.

Meanwhile, RBC Capital Markets said Allianz (ALV.F) continues to deliver at a "high level"after the German insurer and asset manager reported that its first-quarter operating profit climbed 6.6% to a record level of 4.52 billion euros and affirmed it remains on track to hit its full-year 2026 operating profit target of 17.4 billion euros, plus or minus 1 billion euros. The stock climbed 2.15%.

"Allianz's scale and diversification again paid dividends in Q1, with [property and casualty and asset management] in particular well positioned in the current macro environment. Modestly higher inflation expectations seem a net positive for the company. We are now towards the upper-end of FY26 operating profit guidance, with low double-digit implied upside to our unchanged [target price of 400 euros], a premium multiple to composite peers,"the research firm wrote, with a sector perform rating.