MARKET CLOSE: NZ shares rally on Trump's optimism for China deal

Tue, 30 Oct 2018

By Paul McBeth Oct. 30 (BusinessDesk) - New Zealand shares rose for a third day as investors were buoyed by US President Donald Trump's comments that a "great deal" with China may be forthcoming. NZX led gains. The S&P/NZX 50 index advanced 32.84 points, or 0.4 percent, to 8,648.38. Within the index, 21 stocks gained, 18 fell, and 11 were unchanged. Turnover was $110.8 million. New Zealand's market posted a late gain as investors latched onto Trump's comments that he sees a "great deal" with China, but that Asia's biggest economy isn...

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