MARKET CLOSE: NZ shares fall as rising US bond yields ripple through Asia; Z Energy drops

Mon, 08 Oct 2018

By Paul McBeth Oct. 8 (BusinessDesk) - New Zealand shares joined a global sell-off as rising US bond yields took the sheen off blue-chip stocks including Fletcher Building, Contact Energy and Spark New Zealand. Z Energy fell to a two-and-a-half month low on a threat of heightened regulation. The S&P/NZX 50 index dropped 67.77 points, or 0.7 percent, to 9,147.10, its lowest close in almost a month. Within the index, 32 stocks fell, 13 gained, and five were unchanged. Turnover was a quieter than usual $74 million. Stocks across Asia we...

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