NZ shares rise on further hopes inflation tamed

NZ shares rise on further hopes inflation tamed
The NZX followed Wall St where there is renewed belief that inflation is being beaten down. (Image: Getty)
Graham Skellern
The New Zealand sharemarket surged more than one and a half percent following a strong day on Wall St, where there is a renewed belief that inflation is being beaten down.The S&P/NZX 50 Index powered up from the opening and closed at 11,352.84, rising 179.56 points or 1.61% on broad-based buying.  There were 101 gainers and 40 decliners over the whole market on increased volumes of 34.75 million share transactions worth $125.62m.Greg Smith, head of retail with Devon Funds Management, said the catalyst was the soft United States consume...

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