MARKET CLOSE: Trump travel-ban drives NZX50 to nine-month low

Thu, 12 Mar 2020

New Zealand shares sank to a nine-month low as investors were shocked by US President Donald Trump's ban on all travellers from Europe.The S&P/NZX 50 Index slumped 540.33 points, or 5 percent, to 10,333.27, its lowest close June. Within the index, 47 stocks fell, one rose, and two were unchanged. Turnover was heavier than usual at $301.5 million.Investors fled the market after Trump imposed travel restrictions on passengers from the European mainland. Access to the United States will be banned for 30 days from Friday in an effort to prevent...

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