MARKET CLOSE NZ shares join Asia-wide rout; Chorus, Diligent, Westpac drop

Thu, 20 Jun 2013

June 20 (BusinessDesk) – New Zealand shares fell, joining an Asia-wide rout after the Federal Reserve signalled an end to bond buying, weak Chinese manufacturing figures and economic growth at home that missed expectations. Chorus, Diligent Board Member Services and Westpac Banking Corp paced the slide. The NZX 50 Index fell 49.62 points, or 1.1 percent, to 4395.93. Within the index, 39 stocks dropped, eight rose and three were unchanged. Turnover was $108 million. Chorus, the network company spun off from Telecom in 2011, dropped 5.2 perce...

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