NZ shares snap six-day slide

Tue, 19 Jan 2021

New Zealand shares snapped a six-day decline after Chinese economic growth data beat expectations, buoying the outlook for Kiwi exporters.The S&P/NZX 50 Index rose 42.95 points, or 0.3 percent, to 12,881.31. Within the index, 29 stocks rose, 14 fell and seven were unchanged. Turnover was $185.3 million.China’s fourth-quarter GDP data was better than already solid expectations, increasing 6.5 percent from a year earlier, making it the only major world economy to grow last year amidst the global pandemic.A recent wave of covid cases and...

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