NZ's sharemarket up while Australia's takes a dive

(Image: Getty)

Tue, 02 May 2023

The New Zealand sharemarket went up while its counterpart across the Tasman dived on the shock move by the Reserve Bank of Australia to further increase interest rates.After trading flat for most of the day, the S&P/NZX 50 Index suddenly turned and closed at 12,037.81, up 34.84 points or 0.29%.There were 62 gainers and 69 decliners over the whole market, with 35.9 million shares worth $107.07m changing hands.The S&P/ASX 200 Index had fallen 0.86% to 7271.2 points (at 6pm NZ time) after the Reserve Bank of Australia (RBA) increased its c...

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