Middle East conflict casts a shadow across markets

Middle East conflict casts a shadow across markets
Unrest in the Middle East weighed on investment sentiment. (Image: Getty)
Graham Skellern
The Iranian attack on Israel sent nervous sharemarkets tumbling around the world – and New Zealand was no exception though it recovered boldly in the afternoon.The S&P/NZX 50 Index closed at 11,916.78, down 14.53 points or 0.12%, after reaching a morning low of 11,790.86 (or down 1%).There were 93 decliners and 38 gainers over the whole market on light volumes of 32.77 million share transactions worth $85.98 million.Jeremy Sullivan, investment adviser with Hamilton Hindin Greene, said the deterioration of conditions in the Middle East...

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