MARKET CLOSE: NZ shares gain in light trading as investors eye US-China tension

Mon, 25 May 2020

New Zealand shares rose in light trading ahead of public holidays in the US and UK, as investors remain wary of growing tensions between the US and China. The S&P/NZX 50 Index advanced 113.17 points, or 1.1 percent, to 10,775.80. Within the index, 33 stocks rose, 11 fell and six were unchanged. Turnover was $74.4 million, the lowest since January. The local market started the week on a tentative note as investors continued to digest China's decision last week to scrap its annual growth target. Separately, Chinese lawmakers seeking greate...

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