MARKET CLOSE: NZ shares rise as optimism over covid drug buoys Asia

Mon, 13 Jul 2020

New Zealand shares joined a rally across Asia, as upbeat investor sentiment spilled over from Wall Street's close on Friday on optimism over a late-stage trial for a hopeful covid-19 treatment. The S&P/NZX 50 Index rose 39.93 points, or 0.4 percent, to 11,434.79. Within the index, 25 stocks fell, 18 rose, and seven were unchanged. Turnover was $149.3 million. The positive sentiment from Wall Street on Friday night spilled over into Asia today. Australia’s S&P/ASX 200 was up 0.7 percent in late trading, Hong Kong’s Hang Seng gained 0.9 pe...

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