MARKET CLOSE: NZ shares extend slide as global jitters dent growth stocks; Gentrack, Pushpay drop

Thu, 25 Oct 2018

By Paul McBeth Oct. 25 (BusinessDesk) - New Zealand shares fell for a fifth day as a rout on Wall Street spread into Asian markets, weighing heavily on growth stocks such as software firms Gentrack and Pushpay. The S&P/NZX 50 index dropped 74.01 points, or 0.9 percent, to 8,568.23. Within the index, 40 stocks fell, three gained and seven were unchanged. Turnover was $138.6 million New Zealand fared better than markets across Asia, with Australia's S&P/ASX 200 index down 2.2 percent in afternoon trading and Hong Kong's Hang Seng fallin...

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