
The Markets
NZ equities shrug off bond rally and war threat
Wednesday 23rd of February 2022
This pushed government bond yields to a six-year high and the kiwi dollar up half a US cent to 67.76 cents – the highest exchange rate since mid-January.
Local equities held their own, with investors buying up stocks ahead of a wave of earnings reports due in the morning.
The S&P/NZX 50 Index rose 20 points, or 0.2%, to 12,134.42. Turnover was moderate at $142 million....
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