Vista recovers in heavy day of trading

The S&P/NZX 50 Index climbed 177.13 points, or 1.7 percent, to 10,757.20. Within the index, 37 stocks rose, three fell, and 10 were unchanged. Turnover was $224.3 million with many stocks trading over a million shares including Sky Network Television, Vista, Spark New Zealand, Goodman Property Group and Infratil.

Stocks across Asia followed Wall Street higher with investors more upbeat when Chinese authorities took a more conciliatory stance to US President Donald Trump's latest round of import tariffs. Hong Kong's Hang Seng was up 0.6 percent in afternoon trading, South Korea's Kospi 200 Index rose 1.8 percent, and Australia's S&P/ASX 200 Index climbed 1.4 percent.

“Volatility is going to continue, but as we run into the US election we think Trump is going to calm himself down, in particular, his rhetoric around trade,” said Peter McIntyre, an investment adviser at Craigs Investment Partners.

“As soon as that gets resolved then that's going to solve one problem, but we still have Brexit and a slowing European economy.”