NZ shares snap back after shock of war

Tue, 01 Mar 2022

New Zealand's sharemarket picked up on a last-minute Wall Street surge and continued its resilient rally which has lifted the benchmark equity index recovery almost 4% in the past three days.The S&P/NZX 50 Index rose 220 points, or 1.8%, to 12,197.92. Turnover was $177 million.US indices traded lower for most of the overnight session but spiked into the close to either recover much of their losses or even turn green in the case of the Nasdaq Index.Tina Teng, a markets analyst at CMC Markets, said stock markets had bounced off their...

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