
The Markets
NZ market rallies on US banking assurances
Monday 13th of March 2023
The S&P/NZX 50 Index recovered late in the day and closed at 11,672.9, down 54.14 points or 0.46% after reaching an intraday low of 11,543.58 following the collapse of Silicon Valley Bank (SVB) and New York's Signature Bank.
The index, however, is back to the same level it was at the start of the year – it sat at 11,664.87 points on January 12.
There were 92...
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