MARKET CLOSE: NZ shares fall for 8th day as investors remain nervous; Fonterra down

Wed, 10 Oct 2018

By Paul McBeth Oct. 10 (BusinessDesk) - New Zealand shares fell for an eighth day as investors remain uncertain about the global economic outlook. Fonterra Shareholders' Fund fell on the milk processor's lower forecast payout to farmers. The S&P/NZX 50 index declined 19.16 points, or 0.2 percent, to 9,050.82. Within the index, 26 stocks fell, 20 gained and four were unchanged. Turnover was $142.6 million. Financial markets have become more volatile as the Federal Reserve's projected interest rate hikes drive up US government bond yie...

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