MARKET CLOSE: NZ shares fall for a second day on China fears; Nuplex, Sky TV, SkyCity, Xero drop

Wed, 12 Aug 2015

By Suze Metherell Aug. 12 (BusinessDesk) - New Zealand shares fell for a second day in a regional selloff as a new Chinese regime allowing the market to devalue the yuan stoked concerns about the strength of the world's second biggest economy and the nation's biggest trading partner. Nuplex Industries, Sky Network Television and Xero declined. The S&P/NZX 50 Index fell 65.14 points, or 1.1 percent, to 5757.21. Within the index, 35 stocks fell, seven rose and eight were unchanged. Turnover was $166 million. Stocks across Asia fell afte...

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