MARKET CLOSE: New Zealand shares fall as mainland Chinese markets reopen

Mon, 03 Feb 2020

New Zealand shares fell as the coronavirus outbreak continued to weigh on investor confidence, however, it weathered a savage reopening to Chinese equity markets as a weaker kiwi dollar buoyed exporters. The S&P/NZX 50 Index declined 167.28 points, or 1.4 percent, to 11,550.16. Within the index, 43 stocks fell, five rose, and two were unchanged. Turnover was $106.7 million, Chinese stocks took their steepest dive since 2015 as they resumed trading from the Lunar New Year holiday, missing out on earlier reactions to the growing fears perme...

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