A2 Milk drops another 4% on regulation risk

Tue, 27 Jul 2021

New Zealand's main share index fell as A2 Milk dropped for a fourth consecutive session with investors worried China’s market regulator could shut the infant formula exporter out of its key market.The S&P/NZX 50 Index fell 82.92 points, or 0.7%, to 12,590.31. Turnover was $168 million.Asian stocks have been weak in recent days as China has continued on a regulatory campaign to crack down on technology companies.“This policy started last year with the cancellation of Ant Group’s IPO and has morphed into a much wider cra...

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