Australasian share markets insulated from US/China turmoil so far

Australasian share markets insulated from US/China turmoil so far
Jenny Ruth
By Jenny Ruth May 13 (BusinessDesk) - Australasian share markets held up better than most last week as key major indices tumbled amid renewed anxiety about whether the United States and China can resolve their trade differences. The S&P/NZX 50 Index gained 0.4 percent last week and the ASX 200 Index shed just 0.03 percent in a week in which the key US share index - the S&P 500 - sank 2.2 percent. The New Zealand market was helped by last week's cut in interest rates and, while the Reserve Bank of Australia didn't trim rates ahead of ne...

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