MARKET CLOSE: NZ shares fall as Turkey woes ripple through markets; blue chips include F&P, Fletcher drop

MARKET CLOSE: NZ shares fall as Turkey woes ripple through markets; blue chips include F&P, Fletcher drop
Paul McBeth
By Paul McBeth Aug. 13 (BusinessDesk) - New Zealand shares fell in a global rout as fears over the Turkish economy and its potential threat to the European banking system weighed on risk-sensitive assets and emerging markets in particular. Blue-chip stocks including Fisher & Paykel Healthcare and Fletcher Building declined.  The S&P/NZX 50 index dropped 65.57 points, or 0.7 percent, to 8,945.04. Within the index, 33 stocks fell, 13 gained, and four were unchanged. Turnover was a smaller than usual $53.9 million.  Asian stock markets fo...