MARKET CLOSE: NZ stocks join global sell off; Pacific Edge, Xero drop; Fonterra Fund gains

Wed, 06 Aug 2014

By Suze Metherell Aug. 6 (BusinessDesk) - New Zealand shares fell in a global sell-off as rising geo-political tensions and falling dairy prices took confidence out of the market. Pacific Edge led the decline, paced by Xero. Fonterra Shareholders' Fund rose. The NZX 50 Index fell 11.936 points, or 0.2 percent, to 5092.227. Within the index, 21 stocks fell, 14 rose, and 15 were unchanged. Turnover was $123.3 million. Stocks across Asia followed Wall Street lower with Japan's Nikkei 225 Index leading the fall, down 1.3 percent in afterno...

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