MARKET CLOSE: NZ shares down on election, North Korea fears; Auckland Airport, Trade Me fall

Tue, 05 Sep 2017

By Sophie Boot Sept. 5 (BusinessDesk) - New Zealand shares fell, dragged lower by election uncertainty and geopolitical fears, with Auckland Airport dropping to an eight-month low and Trade Me Group falling. The S&P/NZX50 Index dropped 30.82 points, or 0.4 percent, to 7,777.4. Within the index, 32 stocks fell, 14 rose and four were unchanged. Turnover was $133 million. Peter McIntyre, investment adviser at Craigs Investment Partners, said geopolitical turmoil and the upcoming general election were causing some investors to sit on the s...

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