MARKET CLOSE: NZ shares fall as North Korea fears weigh; Chorus hits 5-month low

Tue, 29 Aug 2017

By Sophie Boot Aug. 29 (BusinessDesk) - New Zealand shares dropped in a sea of red after North Korea fired a nuclear missile over Japan, with Chorus and Metro Performance Glass extending their recent declines. The S&P/NZX50 Index sank 88.53 points, or 1.1 percent, to 7,738.34. Within the index, 34 stocks fell, 12 were unchanged and four rose. Turnover was $170 million. "The stocks that haven't delivered have continued bearing the brunt of the selling - Chorus is top of that queue - but in general, most of the market is not taking the K...

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