MARKET OPEN: Market to lift on Labour's win

Mon, 19 Oct 2020

The stock market will lift after Labour’s outright win on Saturday stripped out any uncertainty around the result.On election night results, Labour has become the first political party to win an absolute majority in New Zealand’s 120-seat Parliament since the introduction of the MMP proportional representation voting system in 1996.Labour has 64 seats in the new Parliament and could look for support arrangements with the Green Party, which has 10 seats, based on election night results. That could change slightly with special and ove...

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