NZ shares bounce back as volatility reigns

NZ shares bounce back as volatility reigns
Paul McBeth
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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