NZ shares bounce back from initial US election selloff; NZX 50 jumps 3.3%, bond yields surge

Wed, 09 Nov 2016

By Sophie Boot Nov. 10 (BusinessDesk) - New Zealand shares rallied in early trading, regaining ground shed in the immediate aftermath of Donald Trump victory, as equity market investors deemed the change at the White House would benefit US economic growth. The S&P/NZX 50 Index had its biggest fall in almost 8 years yesterday, down 3.3 percent on the day as it became increasingly apparent Trump would take out the US presidential race, with every stock on the benchmark index dropping. Ten minutes after the market opened this morning, th...

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