MARKET CLOSE: NZ shares fall as investors remain wary of China; A2 Milk, Mighty River, Xero drop

Thu, 07 Jan 2016

By Sophie Boot Jan. 7 (BusinessDesk) - New Zealand shares fell as concerns about slowing Chinese growth continued to weigh on equity markets. A2 Milk Co, Mighty River Power and Xero declined. The S&P/NZX50 Index fell 49.13 points, or 0.8 percent, to 6213.39. Within the index, 29 stocks fell, 12 rose and nine were unchanged. Turnover was $121 million. The benchmark index has fallen 1.8 percent in the three trading days since markets opened for the year, led downwards largely by negativity out of China after figures showed a deeper contr...

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