Good day on NZX

The S&P/NZX 50 Index rose 65.99 points, 0.7 percent, to 10,205.14. Within the index, 31 stocks gained, 11 fell, and eight were unchanged. Turnover was $128.6 million.

The local benchmark was second only to Pakistan's Karachi 100 Index, which was up 1.1 percent in early trading, as investors continue to ponder the impact of the ongoing US-China trade stoush. Presidents Donald Trump and Xi Jinping will meet later this month at a G20 leaders' meeting where it's hoped they will reach a deal and soothe international fears that a prolonged dispute will slow global growth.

Peter McIntyre, an investment advisor at Craigs Investment Partners, said the NZX50 is being buoyed by the dominance of infrastructure stocks offering reliable dividends at a time when already low interest rates may go even lower.

"Investors are pretty happy to hold on to good solid infrastructure stocks, which the NZX50 is largely made up of," he said. "There's not many sellers in the market."