MARKET CLOSE: NZ shares mixed as global investors spooked by Amazon, Google results

Fri, 26 Oct 2018

By Paul McBeth Oct. 26 (BusinessDesk) - New Zealand shares were mixed as weaker than expected earnings from global tech giants spooked investors already wary of over-valued equity markets. The S&P/NZX 50 index edged up 0.17 of a point, or 0.002 percent, to 8,568.40, snapping a five-day decline. Within the index, 21 stocks gained, 20 fell and nine were unchanged. Turnover was $121.7 million. The local bourse teetered between positive and negative territory after results from Amazon and Google missed expectations, casting a pall across...

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