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New Zealand stock market rebounds

Xinhua News,WELLINGTON
2020-03-24 15:19

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New Zealand stock market's indicator, the S&P/NZX 50 index, gained 7.18 percent to 9,109 on Tuesday, rebounding from losses over the past few weeks, thanks to optimism about more stimulus measures to combat the global COVID-19 pandemic.

The jump was led by brewer Moa Group Limited, which went up by 36 percent to 0.136 NZ dollars (0.136 U.S. dollars), while Marlin Global Limited dropped by 35.71 percent to 0.018 NZ dollars.
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