Exporters rally as omicron tames kiwi

Tue, 21 Dec 2021

Export companies were among the day’s winners on the local stock market as a weaker New Zealand dollar offered a boost at a time when inflation is rearing its head.The S&P/NZX 50 Index rose 90.42 points, or 0.7%, to 12,856.87, with turnover across the wider market a respectable $252.8 million.Investors started the week nervous about the spread of the omicron variant of covid-19, with some nations imposing restrictions to rein in the virus. Meanwhile, US president Joe Biden’s major infrastructure spending programme hit a snag as...

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