MARKET CLOSE: New Zealand shares fall as investors go on “buyers strike”

By Dan Brunskill | Mon, 10 Feb 2020


New Zealand shares fell as investors were unnerved by news that the coronavirus fatality rate passed that of the SARS outbreak almost two decades ago. The S&P/NZX 50 Index dropped 58.29 points, or 0.5 percent, to 11,702.59. Within the index, 28 stocks fell, 16 rose and six were unchanged. Turnover was $132.9 million. China's government today eased some restrictions imposed due to the coronavirus outbreak, although a number of workplaces remained closed and some white collar workers worked from home. ANZ Bank New Zealand economist Liz Kend...