CORRECT: MARKET CLOSE: NZ shares fall as investors await Fed rate decision; Heartland sinks

Tue, 18 Dec 2018

(Fixes Macquarie estimate of Heartland's capital requirements in 5th paragraph in story that ran yesterday, Dec. 18) By Paul McBeth Dec. 18 (BusinessDesk) - New Zealand shares fell, joining a sell-off across Asia, as investors fret over the future track of US interest rates ahead of this week's Federal Reserve policy review. Heartland Group sank on concerns over stricter banking capital requirements. The S&P/NZX 50 index dropped 57.22 points, or 0.7 percent, to 8,688.37. Within the index 29 stocks fell, 14 gained and seven were unchan...

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