Markets

MARKET CLOSE: NZ shares join Asian rally on strong US, European manufacturing

Dan Brunskill
Tue, 04 Aug 2020

New Zealand shares joined a rally across Asia as better than expected US and European manufacturing figures revived investors' confidence in the global economy. Fisher & Paykel Healthcare led the market higher.  The S&P/NZX 50 Index rose 105.63 points, or 0.9 percent, to 11,771.72. Within the index, 31 stocks rose, 12 fell, and seven were unchanged. Turnover was $163.9 million. Stocks across Asia were strong after US manufacturing activity expanded in July at the fastest pace in more than a year, following data showing a small improvement...

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