18 Mar 2020

Coronavirus: NZX opens 2.6% higher

10:11 am on 18 March 2020

The local sharemarket has had its first positive start in nearly two weeks, as governments around the world scrambled to implement economic rescue packages.

Stock / market generic.

Photo: 123RF

The benchmark NZX Top 50 index has opened up more than 250 points or about 2.6 percent.

It had closed modestly lower yesterday after clawing back significant early falls.

Wall Street rebounded overnight after the US government and central bank moved to pump money into companies and offer support for business sectors.

More to come...

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