MARKET CLOSE: New Zealand shares fall as investors go on “buyers strike”

Mon, 10 Feb 2020

New Zealand shares fell as investors were unnerved by news that the coronavirus fatality rate passed that of the SARS outbreak almost two decades ago. The S&P/NZX 50 Index dropped 58.29 points, or 0.5 percent, to 11,702.59. Within the index, 28 stocks fell, 16 rose and six were unchanged. Turnover was $132.9 million. China's government today eased some restrictions imposed due to the coronavirus outbreak, although a number of workplaces remained closed and some white collar workers worked from home. ANZ Bank New Zealand economist Liz Kend...

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