NZ market rises on potential for more Chinese stimulus

The NZ sharemarket has performed better than expected this week. (Image: NZME)

Fri, 04 Oct 2024

A resilient New Zealand sharemarket posted a handy gain amid continuing global tension over Middle East geopolitics and speculation China may produce another round of economic stimulus.The S&P/NZX 50 Index dipped in the morning after the United States' major indices were weaker but recovered in the afternoon when the Hong Kong Hang Seng index traded strongly.The NZX50 closed at 12,619.94, gaining 47.28 points or 0.38% after reaching an intraday low of 12,505.55. The index finished a solid week’s work up 1.3% and is now 7.1% ahead...

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