MARKET CLOSE: NZ shares fall on US fears of new outbreaks

Wed, 13 May 2020

New Zealand shares joined a global selloff as investor sentiment soured amid warnings that easing lockdowns could cause a second wave of covid-19 infections. The S&P/NZX 50 Index slipped 30.64 points, or 0.3 percent, to 10,788.03. Within the index, 31 stocks fell and 19 rose. Turnover was $236.2 million. Stock markets across Asia followed Wall Street lower after US infectious disease expert Anthony Fauci warned premature lifting of lockdowns could trigger new outbreaks of the deadly coronavirus, claiming more lives and further damaging e...

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