MARKET CLOSE: NZ shares fall as strong kiwi weighs on exporters

Tue, 09 Jun 2020

New Zealand shares fell as a strong kiwi dollar weighed on export heavyweights Fisher & Paykel Healthcare and A2 Milk, pushing the market lower and giving back much of yesterday’s gains. The S&P/NZX 50 Index dropped 225.47 points, or 2 percent, to 11,298.69. Within the index, 29 fell, 17 stocks rose, and four were unchanged. Turnover was $264.3 million. The local benchmark was off the pace as stock markets across Asia followed Wall Street, where the Nasdaq hit an all-time high on optimism about the global recovery. That has helped push th...

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