NZ shares up with Evergrande lurking in background

Wed, 22 Sep 2021

New Zealand shares edged higher as fear of Evergrande’s collapse faded into the background and investors were happy to buy on the recent dip in prices.The S&P/NZX 50 Index rose 38 points, or 0.3%, to 13,215.8. Turnover was $145 million.While headlines proclaimed Chinese property development giant Evergrande could become insolvent and disrupt global markets any day, it has not yet happened.There were no developments overnight with the market watching closely for a signal that the Chinese government may step in to help restructure the f...

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