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Home / Business

Markets bounce back after Paris attacks

NZ Herald
17 Nov, 2015 04:43 AMQuick Read

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The Eiffel Tower turned off its lights in respect for the victims of France terror attacks. Photo / Getty Images

The Eiffel Tower turned off its lights in respect for the victims of France terror attacks. Photo / Getty Images

Any jitters on Australasian sharemarkets caused by the Paris terror attacks appear short-lived, with exchanges in both sides of the Tasman making gains today.

The NZX50 closed up 0.1 per cent today while the ASX200 was up 1.7 per cent shortly after 5:30pm New Zealand time.

Both New Zealand and Australian stock exchanges were down on Monday following Friday night's attacks in France, which killed 129 people and injured more than 300.

While today's gain in Australia cancelled out Monday's loss, the NZX50 is still down for the week.

Meanwhile, Bloomberg reports that Asian stocks rose from a six-week low, joining a global rebound as concern about the economic impact of the attacks in Paris faded.

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European stocks were also resilient to Friday's terror, Bloomberg said, following a trend in which financial markets' reactions to terror incidents are short-lived.

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