Wellington - The New Zealand stock market - the first to open every day - jumped more than 6 per cent in the first hour of trading Tuesday after a spectacular recovery on Wall Street.

The benchmark NZX 50 index, which fell just under 1 per cent on Monday after slumping 4.7 per cent on Friday, rose 189 points to 2,971 in early dealing.

Analysts said that bargain-hunting investors had taken a lead from Wall Street, which posted its biggest-ever one-day gains.

Wellington - The New Zealand stock market - the first to open every day - jumped more than 6 per cent in the first hour of trading Tuesday after a spectacular recovery on Wall Street.

The benchmark NZX 50 index, which fell just under 1 per cent on Monday after slumping 4.7 per cent on Friday, rose 189 points to 2,971 in early dealing.

Analysts said that bargain-hunting investors had taken a lead from Wall Street, which posted its biggest-ever one-day gains.

Wellington - The New Zealand stock market - the first to open and close every day - finished down again Monday after rallying in nervous trading.

The benchmark NZX 50 index, which slumped 4.7 per cent to 2,805.31 on Friday, ended the day Monday 0.82 per cent lower on 2,782.39.

Trading began the day in negative territory but the index recovered to be up by more than 1 per cent by noon before falling again.

Wellington - Australian budget carrier Jetstar Airways announced Monday that it was expanding services on the highly competitive routes across the Tasman Sea to New Zealand.

Jetstar, a low-cost subsidiary of Qantas Airways, said it would start daily flights on April 28 from Auckland to Sydney and the Queensland Gold Coast.

Chief executive Bruce Buchanan said the flights would complement Qantas' four daily Auckland-Sydney services, and he did not see the parent carrier scaling back its New Zealand routes.

Wellington - The New Zealand stock market - the first to open in the world every day - rose slightly Monday morning after opening down in nervous early trading.

The benchmark NZX 50 index, which slumped 4.7 per cent to 2,805.31 on Friday, started the day down 0.74 per cent but reversed early losses by noon to be up 1.15 per cent at 2,837 and rising.