Prospect of an open China, US job data push market higher

Prospect of an open China, US job data push market higher
It was reported over the weekend China was considering dropping its covid-zero policy. (Image: Getty)
Riley Kennedy
The prospect of China dropping its zero-covid policy, plus solid job data out of the United States helped push the New Zealand stock exchange (NZX) into positive territory to start the week.The S&P/NZX 50 index increased 59.58 points, or 0.53%, to 11,290.340.   Across the main board, 70 shares rose and 60 fell. Turnover was $95 million.Over the weekend, it was reported a former senior official said China would reopen its border with Hong Kong later this year, and a meeting between president Xi Jinping and German chancellor Olaf Sc...

More Markets

Your mid-year investment health check
Markets

Simon Robertson: Your mid-year investment health check

What should you really be looking for from your fundie? 

Tourism Holdings stalls as NZ sharemarket ends week on high
Markets Market Close

Tourism Holdings stalls as NZ sharemarket ends week on high

The NZ sharemarket bounced back as large-cap stocks balanced gains and losses.

Tom Raynel 04 Jul 2025
Forsyth Barr shifts Turners Automotive to neutral
Markets

Forsyth Barr shifts Turners Automotive to neutral

The company has delivered five consecutive years of record earnings.

Rebecca Howard 04 Jul 2025
Vital board backs Tait takeover
Markets

Vital board backs Tait takeover

Vital’s board has unanimously recommended that shareholders and option holders accept a full takeover offer from Tait Communications, despite their view that it undervalues the company.In May, Vital shares rallied after it disclosed that Tait, a Christchurch-based critical commun...

Gregor Thompson 04 Jul 2025