New Zealand’s sharemarket has opened modestly higher this morning after Wall Street rallied.
The benchmark top 50 index was up just over 20 points in early trading, about a quarter of a percent.
However, Air New Zealand’s share price slumped by 34 percent as it resumed trading after a four-day halt.
Earlier the government said it would give the airline a $900 million loan to counter the impact of Covid-19.
This article was originally published on RNZ and re-published with permission.