MARKET CLOSE: NZ shares fall as China drops growth target

Fri, 22 May 2020

New Zealand shares fell as China didn't set a target for gross domestic product growth, spurring concern about the global economic recovery. The S&P/NZX 50 Index fell 68.92 points, or 0.64 percent, to 10,662.63. Within the index, 29 fell, 16 stocks rose, and five were unchanged. Turnover was $100.2 million, the lowest in more than three months. China declined to set a GDP growth target for the first time since 1990 at its annual week-long meeting of the National Peoples' Congress in Beijing which began today. The Chinese economy experi...

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