MARKET REACTION: NZ stocks, dollar tread water after election amidst uncertainty

Sun, 24 Sep 2017

By Sophie Boot and Rebecca Howard Sept. 25 (BusinessDesk) - New Zealand markets are treading water as coalition talks get underway after Saturday's general election although sentiment is also being weighed on by offshore events. Preliminary results show New Zealand First party leader Winston Peters firmly in a kingmaker position as all parties fell short of the necessary 61 seats to secure a parliamentary majority. National won 58 seats while Labour has 45, the Green Party has seven, and New Zealand First has nine, according to the Electo...

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