MARKET CLOSE: NZ shares fall as Huawei CFO arrest reignites trade fears; A2 drops

Thu, 06 Dec 2018

By Paul McBeth Dec. 6 (BusinessDesk) - New Zealand shares fell, joining a sell-off across Asia, as the arrest of a Huawei executive reignited fears about US-China trade tensions. Chinese-focused exporter A2 Milk declined. The S&P/NZX 50 index decreased 23.31 points, or 0.3 percent, to 8,758.22. Within the index, 25 fell, 16 rose, and nine were unchanged. Turnover was $113.4 million. Stocks across Asia fell after Huawei chief financial officer Wanzhou Meng - the daughter of founder Ren Zhengfei - was arrested in Canada and faces extra...

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