MARKET CLOSE: NZ shares fall; Orion, Trade Me, Metroglass drop

Thu, 13 Aug 2015

By Suze Metherell Aug. 13 (BusinessDesk) - New Zealand share fell as concerns about a slowing Chinese economy weighed on local equities. Orion Health Group, Trade Me Group and Metro Performance Glass fell in a broad-based sell off. The S&P/NZX 50 Index fell 19.52 points, or 0.3 percent, to 5737.7. Within the index, 25 stocks fell, 18 rose, and seven were unchanged. Turnover was $118 million. Markets have been rattled after China unexpectedly allowed its currency to weaken this week, following recent poor economic data and in a bid to...

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