MARKET CLOSE: NZ shares fall on China imports, US earnings; Fletcher, FPH drop

Tue, 10 Jul 2012

July 10 (BusinessDesk) - New Zealand shares fell after figures showed China’s imports growing less than expected and as investors await the start of US earnings season. Fletcher Building and Fisher & Paykel Healthcare paced the decline. The NZX 50 Index fell 15.46 points, or 0.4 percent, to 3464.72. Within the index, 25 stocks fell, 16 rose and nine were unchanged. Turnover was $ 96.6 million. Imports by China, New Zealand’s second-largest market after Australia, rose 6.3 percent in June from a year earlier, compared to expectations in a Blo...

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