The NZX has surged in early trading as it responded to the pausing of many US tariffs by President Donald Trump.
The benchmark top-50 index was up around 400 points or 3.57% about half an hour after opening.
It followed US stocks soaring to one of their best days in history on a euphoric Wall Street.
The S&P 500 surged 9.5%, an amount that would count as a good year for the market. It had been sinking earlier in the day on worries that Trump’s trade war could drag the global economy into a recession. But then came the posting on social media that investors worldwide had been waiting and wishing for.
“I have authorised a 90 day PAUSE,” Trump said, after recognising the more than…