NZ joins global equity rout

Dan Brunskill
Thu, 28 Jan 2021

Dan Brunskill
Thu, 28 Jan 2021
No stocks in New Zealand’s benchmark equity index rose today as the local market joined a sudden correction that hit exchanges around the world overnight. The S&P/NZX 50 Index fell 287.54 points, or 2.2 percent, to 13,086.46. Within the index, 48 stocks fell, and two were unchanged. Turnover was $151.9 million.Key indices on Wall Street each tumbled more than 2 percent overnight, without any obvious trigger for the rout. Asian markets followed suit, with bourses in Australia and Hong Kong also down a similar amount.The US Federal...

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