MARKET CLOSE: NZ shares extend gain as cooling trade tensions buoy Asian markets

Mon, 03 Dec 2018

By Paul McBeth Dec. 3 (BusinessDesk) - New Zealand shares were led higher by exporter A2 Milk as cooling trade tensions between China and the US allayed fears of slowing global growth and boosted stock markets across Asia. The S&P/NZX 50 index gained 52.55 points, or 0.6 percent, to 8,876.09. Within the index, 22 stocks rose, 24 fell and four were unchanged. Turnover was $96 million. Stocks across Asia rose, with New Zealand the first market to open after Chinese and US presidents Xi Jinping and Donald Trump agreed to refrain from es...

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