MARKET CLOSE: NZ shares fall as Trump's trade talk spooks investors; exporters fall

Mon, 06 May 2019

By Paul McBeth May 6 (BusinessDesk) - New Zealand shares joined a slump across Asia as US President Donald Trump's tough stance on trade spooked investors. Exporters including A2 Milk and Fisher & Paykel Healthcare were among those sold off. The S&P/NZX 50 Index dropped 97.46 points, or 1 percent, to 9,960.62. Within the index, 30 stocks fell, 16 rose, and four were unchanged. Turnover was $115.9 million. Stocks across Asia were fell after Trump stepped up pressure on China, saying in a tweet that he will hike tariffs on some Chinese...

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