MARKET CLOSE: NZ shares join Asian rout as pandemic rattles investors

Thu, 19 Mar 2020

New Zealand shares fell, with several companies hitting record lows, as investors grappled with the uncertainty of how long and deep the economic downturn will be as the pandemic continues to rattle financial markets. The S&P/NZX Index dropped 340.36 points, or 3.6 percent, to 9,114.5. Within the index, 45 stocks fell, three rose and two were unchanged. Turnover was $275.2 million. Markets remain in upheaval as the covid-19 outbreak worsens. Investors today returned to sell-mode as concerns set in that the stimulus package would not be e...

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