Biden win to spur NZ market rally

Mon, 09 Nov 2020

The NZX – particularly stocks with exposure to the US – will rally as markets cheer Joe Biden’s win in the US election.A better-than-expected voter turnout for Donald Trump meant the result was on a knife-edge for days but Biden’s victory in Pennsylvania over the weekend secured him the win.While the result continues to be rejected by Trump, Prime Minister Jacinda Ardern added her voice to global leaders who congratulated Biden and Kamala Harris on their victory in the US Presidential election.“The relationship bet...

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