NZ markets open nearly two per cent up following news of possible Covid-19 vaccine

New Zealand’s stock market is following the rest of the world, opening up nearly two per cent this morning.

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1 NEWS reporter Katie Bradford explains what it means for New Zealanders. Source: 1 NEWS

The news of a possible Covid-19 vaccine and Joe Biden’s US presidential win has buoyed markets worldwide.

The NZX has been riding high for the past few weeks.

Stocks soar worldwide after news of potential Covid-19 vaccine

Travel and technology companies have been doing well worldwide.

Air New Zealand shares are one of the big winners today – up 13 per cent this morning, while still down 41 per cent on this time last year.

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New Zealand will be among the first countries in line if the drug, which was tested on over 40,000 volunteers, gets final approval. Source: 1 NEWS

Technology company Vista is up 20 per cent.