Market Close: Dairy stocks lead NZX 50 lower

Thu, 07 Oct 2021

New Zealand's headline share index declined for the third consecutive session as higher interest rates and negative market sentiment continue to weigh on equity valuations. The S&P/NZX 50 Index fell 61 points, or 0.5%, to 13,104.6. Turnover was $130 million. A risk-off tone continues to dwell in global markets with many equities moving lower overnight and safe-haven currencies finding good support from traders.Meanwhile, market interest rates are holding at relatively high levels as central banks begin to consider tightening m...

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