MARKET CLOSE: NZ shares fall on global ructions, election jitters; Xero, Pacific Edge drop

Mon, 15 Sep 2014

By Suze Metherell Sept. 15 (BusinessDesk) - New Zealand shares followed Asian markets lower as global ructions and Saturday's general election spooked investors. Pacific Edge led the decline, paced by Xero. Infratil gained on news it had sold its Australian electricity operations for A$605 million. The NZX 50 Index fell 13.105 points, or 0.3 percent, to 5210.86. Within the index, 28 stocks fell, 16 rose and six were unchanged. Turnover was a lighter than usual $88.5 million. Stocks across Asia-Pacific fell with Hong Kong's Hang Seng In...

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