MARKET CLOSE: NZ shares fall on China fears; Xero, TradeMe, SkyCity fall

Wed, 08 Jul 2015

By Suze Metherell July 8 (BusinessDesk) - New Zealand shares fell in a widespread selloff as China's stock market extended its tumble. Xero, Trade Me Group, SkyCity Entertainment Group and Westpac Banking Corp declined. The S&P/NZX 50 Index fell 35.47 points, or 0.6 percent, to 5767.7. Within the index, 30 stocks fell, nine rose and 11 were unchanged. Turnover was $177 million. The Shanghai SE Composite Index was down 3.8 percent in afternoon trading, and has slumped 29 percent over the past month, triggering selloffs across the reg...

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