MARKET CLOSE: NZ shares edge higher as US-China trade talks drag on

Fri, 06 Dec 2019

New Zealand shares rose as investors count down for China and the US to cut a trade deal before tariffs take effect in 10 days. The S&P/NZX 50 Index increased 18.41 points, or 0.2 percent, to 11,276.20. Within the index, 21 stocks rose, 18 fell and 11 were unchanged. Turnover was $126.1 million. US tariffs are set to kick in from Dec. 15, and investors have been reacting to headlines on the minutiae of what would be the first phase of a wider trade deal to end a protracted dispute between the world’s two biggest economies. Stock market...

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