MARKET CLOSE: NZ shares down on Asia-wide losses amid trade nerves, Fisher & Paykel, Synlait fall

Mon, 16 Jul 2018

By Sophie Boot July 16 (BusinessDesk) - New Zealand shares fell in a region-wide selloff as trade war fears rose, with Fisher & Paykel Healthcare Corp and Synlait Milk dropping. The S&P/NZX50 Index dropped 43.88 points, or 0.5 percent, to 8,980.31. Within the index, 23 stocks fell, 17 rose and 10 were unchanged. Turnover was $67 million. The local benchmark index followed most indices around Asia lower, with the ASX 200 down 0.5 percent at 5:10pm local time, alongside Hong Kong's Hang Seng down 0.2 percent and China's CSI 300 down 0.5...

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