CORRECT MARKET CLOSE NZ shares join selloff on US budget stalemate

CORRECT MARKET CLOSE NZ shares join selloff on US budget stalemate
(corrects reference in opening para to replace ‘moratorium’ with ‘referendum’) Sept. 30 (BusinessDesk) – New Zealand shares fell, paced by Telecom and MightyRiverPower, ahead of a possible US budget stalemate and as the government scheduled a referendum on state asset sales for after the selldown of Meridian Energy that went on sale today. The NZX 50 Index fell 46.292 points, or about 1 percent, to 4736.387. Within the index, 37 stocks fell, four rose and nine were unchanged. Turnover of $242 million was swelled by the sale to institutions of...