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Navigation Primary Navigation Home Singapore Asia Pacific World Business Entertainment Sports Technology Top Stories Most Popular Secondary Navigation Singapore Asia Pacific World Search Search: NZ stocks open 1.2 percent higher on Wall St. surge Reuters - Friday, November 14 WELLINGTON, Nov 14 - New Zealand's benchmark stock index opened up 1.2 percent on Friday, as U.S. stocks surged after investors swooped on beaten-down shares. The benchmark NZX-50 index <.NZ50> opened 34.4 points higher at 2764.03. Top stock Telecom Corp <TEL.NZ> was 4.1 percent higher at NZ$2.53, while number three stock Fletcher Building rose 3.7 percent at NZ$5.60. Wall Street stocks finished up about 6.7 percent, reversing sharp early losses on bargain hunting and offsetting growing fears of an economic downturn. Email Story IM Story Printable View Blog This Recommend this article Average (0 votes) Sign in to recommend this article » Most Recommended Stories » Related Articles: Business Japan to offer up to $100B for IMF bailout fundAP - 1 hour 1 minute ago AMD makeover moves show limited choices in slumpAP - 1 hour 8 minutes ago UPDATE 1-SingTel gets S$1.075 bln in bank financingReuters - 1 hour 13 minutes ago RPT-Nintendo says sold over 800,000 Wii in U.S. in OctReuters - 1 hour 15 minutes ago US Steel lays off 675 workers in US, CanadaAP - 1 hour 37 minutes ago Most Popular – Business Viewed Ancient 4,300-year-old pyramid discovered in Egypt Your favorite music = happy heart: study Britney Spears's son hospitalized: statement Oil price dives under 55 dollars per barrel in London Earth would be heading to a freeze without CO2 emissions View Complete List » Search: Home Singapore Asia Pacific World Business Entertainment Sports Technology Top Stories Most Popular

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