MARKET CLOSE: NZ shares follow Asian markets higher on renewed hopes for China-US resolution

Fri, 18 Jan 2019

By Rebecca Howard Jan. 18 (BusinessDesk) - New Zealand shares followed Asian markets higher on renewed hopes for a resolution to the US-China trade tensions. Trading was light with few local drivers. The S&P/NZX 50 index rose 19.9 points, or 0.2 percent, to 9077.71. Within the index, 28 stocks rose, eight were unchanged and 14 fell. Turnover was $125.3 million. Asian stocks lifted on renewed optimism after the Wall Street Journal reported U.S. Treasury Secretary Steven Mnuchin discussed lifting some or all tariffs imposed on Chinese i...

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