MARKET CLOSE: NZ shares fall as fears of a second covid wave rise

Mon, 22 Jun 2020

New Zealand shares fell as investors grow increasingly concerned about a second wave of covid-19 disrupting the global economic recovery.The S&P/NZX 50 Index dropped 96.28 points, or 0.9 percent, to 11,158.46. Within the index, 24 stocks fell, 18 rose, and eight were unchanged. Turnover was $115.8 million.Investors, once excited by economies reopening, are becoming increasingly nervous about the apparent link between communities reopening and renewed outbreaks. While China closes parts of Beijing due to an unexpected flare-up of 200 n...

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