Investors won't be blue about blue wave

Christopher Luxon on election night. (Image: NZME)

Mon, 16 Oct 2023

Markets are likely to rally – at least in the short term – on news that the National party will lead the next government. National fared better than expected in Saturday’s election, and investors are expected to be cheered by its leader, Christopher Luxon, taking the reins, although the dust has yet to settle on whether the new government will be a National-Act coalition or if it will need the backing of Winston Peters' New Zealand First.There had been speculation that the NZ stock exchange and the kiwi dollar might c...

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