Markets rally as investors enjoy potential US political deadlock

Thu, 05 Nov 2020

New Zealand’s main share index gained almost half a percent and the kiwi dollar lifted almost 1 US cent, as investors found enough political certainty in the US Senate result to look past the still undecided presidential race. The S&P/NZX 50 Index rose 50.1 points, or 0.4 percent, to 12,249.98. Within the index, 24 stocks rose, 20 fell and six were unchanged. Turnover was $250.1 million.Equities markets rallied despite election uncertainty still lingering around the presidency, in part due to Republicans holding onto control of t...

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