Market Close: NZ shares fall with global rout

Wed, 29 Sep 2021

New Zealand shares dropped with a global sell-off which hit most major indices overnight as investors were rattled by everything from the Evergrande saga in China to the US debt limit impasse and surging energy prices.The S&P/NZX 50 Index fell 54.6 points, or 0.4%, to 13,189.23. Turnover was $158 million.“The number and extent of global growth potholes are growing and there’s a whiff of stagflation concerns in the air, with global equity markets tumbling amidst a further incremental lift in global bond yields,” said BNZ in...

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