MARKET CLOSE: NZ shares fall as global correction continues

Fri, 28 Feb 2020

New Zealand shares followed global markets lower as the spread of coronavirus outside China continued, and the Ministry of Health confirmed a case in New Zealand late on Friday. The S&P/NZX 50 Index declined 176.01 points, or 1.5 percent, to 11,261.16. Within the index, 42 stocks fell, 7 gained, and one was unchanged. Turnover was $320.9 million. Infections around the world surpassed those in mainland China and today New Zealand's Ministry of Health said a person in their 60s was the country's first case of Covid-19. The government said...

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