MARKET CLOSE: NZ shares fall as new virus cases appear in China

Mon, 15 Jun 2020

New Zealand shares fell as a spate of new covid-19 cases in China spoiled investor sentiment across Asia. Casino operator SkyCity Entertainment Group led the market lower.The S&P/NZX 50 Index dropped 41.82 points, or 0.4 percent, to 10,864.12. Within the index, 32 stocks fell, 16 rose, and two were unchanged. Turnover was $198 million.Sentiment across Asia took a hit after Beijing recorded a spate of new covid-19 cases in a major wholesale food market. Authorities have closed the centre and locked down nearby housing districts. Weaker...

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