MARKET CLOSE: Profit-taking pulls shares lower

Fri, 11 Sep 2020

New Zealand shares took another fall as investors took profits from well performing stocks after US tech stocks continued to decline on Wall Street. The S&P/NZX 50 Index fell 63.75 points, or 0.5 percent, to 11,748.03. Within the index, 24 stocks fell, 20 rose and six were unchanged. Turnover was $154 million. After a one-day reprieve, Wall Street resumed its selloff overnight giving another negative lead to Asian markets. Australia’s S&P/ASX 200 was down 0.6 percent in late trading, mainland Chinese bourses were off 0.2 percent each,...

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