The Markets
Prospect of an open China, US job data push market higher
Monday 7th of November 2022
The S&P/NZX 50 index increased 59.58 points, or 0.53%, to 11,290.340.
Across the main board, 70 shares rose and 60 fell. Turnover was $95 million.
Over the weekend, it was reported a former senior official said China would reopen its border with Hong Kong later this year, and a meeting between president Xi Jinping and German chancellor Olaf Scholz took place in which vaccines were discussed.
Those events were interpreted by many as signs the world’s second-biggest economy was preparing to soften its strict covid restrictions.
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