MARKET CLOSE: NZ shares join global rally on US-China trade optmism; SkyCity falls

Wed, 13 Feb 2019

By Paul McBeth Feb. 13 (BusinessDesk) - New Zealand shares joined a global rally on optimism that the latest US delegation to Beijing will make meaningful gains in soothing the strained trade relations. Tourism Holdings led widespread gains; SkyCity Entertainment Group fell after reporting a decline in first-half profit and a share buyback. The S&P/NZX 50 index rose 0.6 percent to 9,333.38. Within the index, 36 stocks gained, 11 fell, and three were unchanged. Turnover was $180.2 million. Stocks across Asia largely followed Wall Stre...

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