MARKET CLOSE: NZ shares fall as Melbourne lockdown spooks investors

Wed, 08 Jul 2020

New Zealand shares followed Australia lower as investors weighed up the economic impact of a covid-19 lockdown being re-imposed in the state of Victoria, where new cases of the coronavirus have spiked in the last week. The S&P/NZX 50 Index declined 36.46 points, or 0.3 percent, to 11,707.27. Within the index, 28 stocks fell, 15 rose, and seven were unchanged. Turnover was $129 million. Hopes of a swift Australian recovery from the covid-19 pandemic and its resulting economic loss evaporated last night as the Victorian state government pu...

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