MARKET CLOSE: NZ shares slip as fears over slowing Chinese growth weigh; AMP slumps

Mon, 15 Jul 2019

By Paul McBeth July 15 (BusinessDesk) - New Zealand shares fell, joining a downbeat day across Asia as slowing Chinese growth stoked fears that trade tensions will dent the global economy. AMP slumped after the Reserve Bank of New Zealand blocked the sale of its life insurance business. The S&P/NZX 50 Index declined 34.87 points, or 0.3 percent, to 10,666.56. Within the index, 22 stocks fell, 24 rose, and four were unchanged. Turnover was $110.4 million. Australasian stocks were largely weaker as investors fretted over the slowest pa...

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