MARKET CLOSE NZ stocks fall as investors eye China, wait on OCR hike; Fletcher, Xero drop

Wed, 12 Mar 2014

By Suze Metherell March 12 (BusinessDesk) - New Zealand stocks fell amid global concern over Chinese bond defaults and weakening economic data while and ahead of what’s expected to be a rise in interest rates from the central bank tomorrow. Fletcher Building, Xero and Port of Tauranga declined. The NZX 50 Index fell 5.407 points, or 0.1 percent, to 5096.530, the third straight decline. Within the index, 17 stocks fell, 18 rose and 15 were unchanged. Turnover was $133 million. Equity markets across Asia declined as a Shanghai-listed compan...

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