NZ shares climb while covid variant still looms large

Wed, 21 Jul 2021

New Zealand shares followed offshore markets higher as equities bounced back from a small correction yesterday.The S&P/NZX 50 Index gained 58.30 points, or 0.5%, to 12,709.14. Turnover was $194 million.US sharemarkets recovered their losses overnight despite there being little news or change in conditions. NZ’s defensive market, which managed to dodge the fall yesterday, joined the rally today to climb half a percent. However, BNZ rate strategist Jason Wong warned that geopolitical tensions with China and the continued spread of...

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