US stimulus sign off sees NZ shares surge

Fri, 12 Mar 2021

New Zealand's benchmark share index surged as US President Joe Biden signed off a two trillion-dollar stimulus package which boosted global investor sentiment.The S&P/NZX 50 Index rose 154.29 points, or 1.3%, to 12,426.77. Within the index, 34 stocks rose, 11 fell, and five were unchanged. Turnover was $199.7 million.BNZ interest rate strategist Nick Symth said markets traded with a risk-on tone overnight with the S&P 500 rising to a new all-time high and the tech-heavy Nasdaq up more than 2.5%.“The Nasdaq continues to recover...

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