MARKET CLOSE: NZ shares fall as trade concerns resurface; Fonterra recovery pauses

Wed, 09 Oct 2019

New Zealand shares fell as fears over the US-China trade war re-emerged and weighed on investor confidence across the region. The Fonterra Shareholders' Fund's recent rally also took a breather. The S&P/NZX 50 Index declined 75.29 points, or 0.7 percent, to 10,940.86. Within the index, 32 stocks fell, 14 rose and four were unchanged. Turnover was $122.4 million. Stocks across Asia were weaker as volatile investor sentiment turned sour, with the trade war between the US and China an ongoing concern. The US Commerce Department placed 28 Ch...

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