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MARKET CLOSE: NZ shares join global rally as upcoming US-China trade buoys investors

By Paul McBeth | Tue, 14 Jan 2020

New Zealand shares joined a global rally as the upcoming preliminary trade deal between the US and China underpinned optimism about global growth, and revived confidence in tech stocks such as Gentrack. The S&P/NZX 50 Index advanced 81.46 points, or 0.7 percent, to 11,625.13. Within the index, 28 stocks rose, 15 fell and seven were unchanged. Turnover was $173.7 million. Stocks across Asia were largely stronger as investors took the US decision to stop calling China a currency manipulator as a major step in de-escalating tensions between...

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