MARKET CLOSE: NZ stocks follow Wall Street lower; Spark, Port of Tauranga gain

Tue, 13 Nov 2018

By Gavin Evans Nov. 13 (BusinessDesk) - New Zealand shares fell after a sharp drop on Wall Street overnight spooked investors throughout Asia’s markets. The S&P/NZX 50 index fell 95.33 points, or 1.1 percent, to 8,861.52. Within the index, 29 stocks fell, 10 were unchanged and 11 rose. Turnover was modest at $100.5 million. US stocks fell for a second day amid signs of slowing tech growth and a sharp fall for Goldman Sachs after Malaysia said it would seek full refunds from any fraudulent bond deals the bank conducted in relation to th...

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