MARKET CLOSE: NZ shares follow Asian markets lower after 'pretty good' earnings season; Sky falls

Thu, 01 Mar 2018

By Paul McBeth March 1 (BusinessDesk) - New Zealand shares joined a regionwide sell-off with Asian equity markets following Wall Street lower as global investors second-guess the outlook for US interest rates, and as local analysts absorb a "pretty good" earnings season. Sky Network Television fell for a second day. The S&P/NZX 50 index fell 31.11 points, or 0.4 percent, to 8,342.71. Within the index, 28 stocks declined, 15 gained, and seven were unchanged. Turnover was $113.3 million. Stocks across Asia declined, with Australia's S&...

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