MARKET CLOSE: NZ shares gain as investors eye upcoming Fed meeting

Tue, 18 Jun 2019

By Paul McBeth June 18 (BusinessDesk) - New Zealand shares joined a rally across Asia, as investors have one eye on whether the Federal Reserve will signal lower US interest rates in what would be a further boon for equity markets. Vista Group International led the market higher. The S&P/NZX 50 Index rose 21.07 points, or 0.2 percent, to 10,191.33. Within the index, 25 stocks gained, 16 fell, and nine were unchanged. Turnover was $125.5 million. Stocks across Asia were generally stronger, with Australia's S&P/ASX 200 Index up 0.5 per...

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