NZ shares bounce back as volatility reigns

Wed, 11 Mar 2020

New Zealand shares bounced back in early trading with 44 of the top 50 companies in the green.The S&P/NZX 50 Index was up 247.02 points, or 2.3 percent, at 11,144.49 at 11am in Wellington, following a strong lead on Wall Street as the S&P 500 rose 4.9 percent. Investors took heart from the global response to the covid-19 outbreak, including fiscal packages in Australia, Japan, Italy and the US.The Volatility Index – Wall Street’s fear gauge – this week spiked to its highest level since the 2008 global financial crisis because Russia and...

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