NZ sharemarket rises as US debt issues sorted

NZ sharemarket rises as US debt issues sorted
The passage of laws sorting out the US debt ceiling issue perked up local investors. (Image: Getty)
Graham Skellern
A re-energised New Zealand sharemarket staged a strong rebound, driven by the two biggest stocks, as the deal on United States’ debt ceiling was sorted.The House of Representatives passed a bill to suspend the country’s US$31.4 trillion (NZ$52.2t) debt limit, through to January 2025, after the United States markets had closed.Instead, the Asia- Pacific markets surged. After strong afternoon trading, the S&P/NZX 50 Index closed at 11,916.13, up 103.12 points or 0.87%.There were 46 gainers and 79 decliners on the main board with 3...

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