NZ shares come roaring back

Wed, 08 Dec 2021

New Zealand shares chased Wall Street higher as a sudden turnaround in market sentiment sent key international indices up as much as 2% overnight. The S&P/NZX 50 Index jumped 258 points, or 2.1%, to 12,868.32. Turnover was $242 million. While the world is still waiting for confirmation omicron is less severe – albeit more transmissible – than delta, investors have decided no news is good enough to start buying again.“The ‘buy-the-dip’ mentality remains a feature of US equity markets, with the easing o...

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