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.

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