MARKET CLOSE: NZ shares outperform Asia as global markets rally

Thu, 05 Mar 2020

New Zealand shares outperformed the rest of Asia as stock markets across the globe followed Wall Street higher after US presidential hopeful Joe Biden took the lead in the race to become the Democratic Party's nominee. The S&P/NZX 50 Index rose 223.11 points, or 2 percent, to 11,640.89. Within the index, 37 stocks rose, eight fell, and five were unchanged. Turnover was $256.9 million. Investors shook off some of their recent concerns about the covid-19 outbreak, taking heart from the prospect of a more palatable US presidential contender...

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