Markets MARKET CLOSE

F&P Healthcare knocked by strong kiwi; covid saps stock market

Paul McBeth
Tue, 27 Oct 2020

Fisher & Paykel Healthcare was weighed down by a stronger kiwi dollar while the rest of the market was knocked about by uncertainty over the US election and latest surge in covid-19 infections.The S&P/NZX 50 dropped 218.43 points, or 1.8 percent, to 12,251.91, joining a slump across Asia as investor confidence was dented by renewed fears over the recent spike in covid cases and US political uncertainty.Within the index, 41 stocks fell, six rose, and three were unchanged, while turnover was $183.5 million.US elections have been a major s...

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