MT Newswires -Shutterstock <\/p>\n
New Zealand shares rose on Thursday as most Asian indexes followed Wall Street’s Wednesday rally helped by bank earnings.<\/p>\n
The S&P\/NZX 50 Index edged up 0.6% or 81.70 points to close at 13,389.10.<\/p>\n
The benchmark S&P 500 gained 0.4%, while the Nasdaq Composite rose 0.7% with the Dow Jones remaining little changed.<\/p>\n
Meanwhile, the gold spot price reached the $4,200 level on Wednesday.<\/p>\n
Jim Bolger, who served as New Zealand’s prime minister from 1990 to 1997 and played a key role in advancing reconciliation with the country’s Indigenous Maori people, has died at the age of 90, his family announced on Wednesday, according to a Wednesday Reuters report.<\/p>\n
In domestic news, New Zealand’s agriculture sector is benefiting from a strong mix of high prices, a weaker exchange rate, and solid production, said ANZ in a Thursday report.<\/p>\n
Also, food prices in New Zealand rose 4.1% on an annual basis in September, marking the smallest yearly increase since April, according to a Stats NZ selected price indexes report.<\/p>\n
Meanwhile, the cost to build a standard single-storey brick and tile home in New Zealand rose 0.4% in the third quarter due to a sustained slowdown in construction cost growth, according to the Cordell Construction Cost Index, compiled by property data company Cotality.<\/p>\n
In corporate news, PGG Wrightson (NZE:PGW) appointed Independent Director John Nichol as independent chair. The company’s shares closed down by 1%.<\/p>\n
New Zealand King Salmon Investments (NZE:NZK, ASX:NZK) appointed Katie Bennett as interim chief financial officer, effective Nov. 28, succeeding Ben Rodgers. The company’s New Zealand shares finished more than 2% lower.<\/p>\n","protected":false},"excerpt":{"rendered":"MT Newswires -Shutterstock New Zealand shares rose on Thursday as most Asian indexes followed Wall Street’s Wednesday rally…\n","protected":false},"author":2,"featured_media":217798,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[11],"tags":[64,63,99,164,1736,133068],"class_list":["post-217797","post","type-post","status-publish","format-standard","has-post-thumbnail","category-economy","tag-au","tag-australia","tag-business","tag-economy","tag-new-zealand","tag-price-indexes"],"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/posts\/217797","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/comments?post=217797"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/posts\/217797\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/media\/217798"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/media?parent=217797"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/categories?post=217797"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/tags?post=217797"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}