MARKET CLOSE: NZ shares down on Trump threats, A2 and Pushpay drop while Kathmandu rises

Mon, 23 Jul 2018

By Sophie Boot July 23 (BusinessDesk) - New Zealand shares dropped in light trading as local corporate news remained scarce, led lower by A2 Milk Co and Pushpay Holdings. The S&P/NZX50 Index fell 82.98 points, or 0.9 percent, to 8,872.56. Within the index, 26 stocks fell, 15 rose and nine were unchanged. Turnover was $75.3 million. "We've had an offshore lead with slightly timid markets based on the currency and trade implications of what's going on from the Trump policies," said James Lindsay, senior portfolio manager at Nikko Asset M...

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