Shares climb on US fiscal stimulus

Tue, 09 Mar 2021

New Zealand's benchmark share index rose after US lawmakers approved nearly two trillion US dollars of fiscal stimulus to try and shore up the world’s biggest economy as vaccines begin to mute the pandemic.The S&P/NZX 50 Index rose 59.97 points, or 0.5 percent, to 12,145.15. Within the index, 24 stocks rose, 23 fell, and three were unchanged. Turnover was $185.8 million.“Markets traded with more of a positive tone overnight, bolstered by the pending introduction of massive US fiscal stimulus and the hope that the speedy deve...

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