MARKET CLOSE: NZ shares outperform global rally as low rates bolster local outlook

Wed, 15 May 2019

By Paul McBeth May 15 (BusinessDesk) - New Zealand shares joined a global rally, as the local outlook for low interest rates added tailwind to broader optimism among investors that the US and China will compromise on their trade stoush. China-focused exporter A2 Milk led the local market higher. The S&P/NZX 50 Index rose 61.23 points, or 0.6 percent, to 10,131.58. Within the index, 29 stocks gained, 13 fell, and eight were unchanged. Turnover was $144.2 million Stocks on Wall Street rallied overnight on hope the US and China will find...

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