MARKET CLOSE: NZ shares fall as US-China tensions weigh on global outlook

Fri, 24 Jul 2020

New Zealand shares fell as the prospect of heightened tensions between the US and China weighed on the global economic outlook and prospects for corporate earnings. The S&P/NZX 50 Index declined 57.15 points, or 0.5 percent, to 11,636.26. Within the index, 29 stocks fell, 13 rose, and eight were unchanged. Turnover was a light $90.1 million. Stock markets across Asia fell after Beijing said it would retaliate against a US order that China close its consulate in Houston, Texas, raising fears that a trade deal between the world's two bigge...

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