MARKET CLOSE: NZ shares gain as trade fears ease

Wed, 09 Jan 2019

By Rebecca Howard Jan. 9 (BusinessDesk) - New Zealand shares gained, supported by growing optimism that the US and China can reach a trade deal. A2 Milk benefited from the lift in sentiment. The S&P/NZX 50 index increased 126.07 points, or 1.4 percent, to 8,947.22. Within the index, 35 stocks gained, seven fell and eight were unchanged. Turnover was $91 million. Asian markets pushed higher after the US and China extended trade talks in Beijing for an unscheduled third day on Wednesday, amid signs of progress. Australia's S&P/ASX was...

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