MARKET CLOSE: NZ shares follow Australia lower as Westpac earnings miss expectations

Mon, 06 Nov 2017

By Paul McBeth Nov. 6 (BusinessDesk) - New Zealand shares fell, led by Westpac Banking Corp after the Australian lender's earnings missed expectations, weighing on other dual-listed financial services firms including Australia & New Zealand Banking Group and AMP. The S&P/NZX 50 index slipped 11.49 points, or 0.1 percent, to 8,053.63. Within the index, 20 stocks fell, 21 rose, and nine were unchanged. Turnover was $105 million. New Zealand's benchmark index followed the S&P/ASX 200 index down as dual-listed Westpac posted a 3 percent...

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