MARKET CLOSE: NZ shares fall as Asia joins global sell-off

Fri, 12 Jun 2020

New Zealand shares fell as stock markets across Asia followed Wall Street's lead as investor optimism over the pace of the recovery was brought to a halt by pessimistic economic outlooks and a growing number of new covid-19 cases in some US states. The S&P/NZX 50 Index dropped 248.99 points, or 2.2 percent, to 10,905.94. Within the index, 47 stocks fell, one rose, and two were unchanged. Turnover was $202.9 million. The stare-down between resurgent stock markets and waning economies broke overnight. Wall Street investors were the first t...

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