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)

Mon, 07 Nov 2022

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...

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