MARKET CLOSE: Shares rise, dollar hits 14-month high

Wed, 02 Sep 2020

The benchmark index halted a two-day decline as upbeat economic data in key markets helped prop up investor sentiment regarding global recovery. The New Zealand dollar climbed to a 14-month high. The S&P/NZX 50 Index rose 109.82 points, 0.9 percent, to 11,902.98. Within the index, 35 stocks rose, six fell and nine were unchanged. Turnover was $205 million. Investors reversed some of the 2.5 percent loss the index incurred over the past two days after improving manufacturing data in China and the US stoked optimism about the local economy....

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