MARKET CLOSE: NZ shares rise as optimism over US-China trade deal lingers; Fletcher gains

Thu, 13 Dec 2018

By Paul McBeth Dec. 13 (BusinessDesk) - New Zealand shares rose for a third day as investors around Asia remained optimistic that trade tensions between China and the US will ease, removing a risk to global growth. The S&P/NZX 50 index increased 54.81 points, or 0.6 percent, to 8,793.17. Within the index, 28 stocks gained, 17 fell, and five were unchanged. Turnover was $150.6 million. Stocks across Asia rallied for another day on growing optimism US President Donald Trump and his Chinese counterpart Xi Jinping will overcome their tra...

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