MARKET CLOSE: NZ shares fall amid ongoing concerns about global growth

Tue, 29 Jan 2019

By Jenny Ruth Jan. 29 (BusinessDesk) - New Zealand shares fell, in line with declines in the US and across Asia, amid ongoing concerns about global growth, particularly in China. Analysts downgrading their forecasts for Australian healthcare device maker Resmed also weighed on New Zealand rival Fisher & Paykel Healthcare, one of the country's top 10 stocks. The benchmark S&P/NZX 50 Index shed 108.14 points, or 1.2 percent, to 9,006.38. Within the index, 10 stocks rose, 33 fell and 7 were unchanged. Turnover was $127.25 million. “Res...

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