MARKET CLOSE: NZ market dives on escalating US-China trade war

Tue, 06 Aug 2019

By Victoria Young Aug. 6 (BusinessDesk) - The New Zealand share market took a hit in a day of red on signs China may use its currency to stand up to the US in the two countries’ escalating trade war. The S&P/NZX 50 Index fell 178.86 points, or 1.7 percent, to 10,587.17. Within the index, 47 stocks fell, one rose and two were unchanged. Turnover was solid at $133.2 million. Cinema software provider Vista Group led the declines, down 5.4 percent at $5.65. The 258,500 shares traded were down on its 334,000 average the past three months....

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