MARKET CLOSE: NZ shares join Asian rally on optimism over trade talks

Tue, 08 Oct 2019

New Zealand shares joined a rally across Asia as investors were more optimistic about the upcoming trade negotiations between the US and China. The S&P/NZX 50 Index increased 40.53 points, or 0.4 percent, to 11,016.15. Within the index, 29 stocks rose, 16 fell and five were unchanged. Turnover was $128.7 million. Stocks across Asia were largely stronger, with the Shanghai Composite Index up 0.8 percent in afternoon trading. Australia's S&P/ASX 200 Index rose 0.4 percent and South Korea's Kospi 200 Index advanced 0.9 percent. Michael...

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