CORRECT: NZ stocks fall; Tegel hurt by price war, investors grow more risk-averse

Fri, 14 Apr 2017

(Corrects Ryman closing price in ninth paragraph of story that moved on April 13) April 13 (BusinessDesk) - New Zealand shares fell, led by Tegel Group, after government figures showed chicken prices may be suffering from rivalry among suppliers. Restaurant Brands and SkyCity Entertainment Group were among leading decliners as ongoing geopolitical tensions and the looming US earnings season sapped investors' risk appetite. The S&P/NZX 50 index fell 21.74 points, or 0.3 percent, to 7,229.80. Within the index, 31 stocks fell, 15 rose and fo...

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