Frankfurt - German shares surged as trading began Monday in a positive market response to the massive bail-out measures agreed at the weekend by European leaders.

The DAX-30 index jumped almost 5.4 per cent in the opening minutes to 4,788.74 points. The MDAX of medium-sized companies gained 8.46 per cent to 5,776.17 points, and the TecDAX list of technology shares gained 8.75 per cent to 561.95 points in the opening minutes.

German investors were evidently encouraged by the European Union summit decision on Sunday for governments to provide massive infusions for the crisis-hit financial sector. The German government was expected early in the afternoon to outline details of a bail-out infusion expected to go into the hundreds of billions of euros. (dpa)