Australia: Shares post best week in six months, NZ hits record close

The Business Times | Oct 9, 2020 at 2:00 AM
  • Australian shares posted their best week in six months on Friday, capping an eventful week that saw the government pledge billions to pull the economy out of recession and US President Donald Trump send mixed signals on Covid-19 relief measures.
  • In New Zealand, the benchmark S&P/NZX 50 index climbed 0.4 per cent to 12,280.54, extending gains to an eighth session and posting a record closing high.
  • Financials posted their best week in more than four months.