Business

NZ sharemarket open higher as Air NZ’s share price slumps

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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