NZ sharemarket drifts on US and China uncertainty

Deflation in China is one factor weighing on investors' minds. (Image: Getty)

Thu, 10 Aug 2023

The New Zealand sharemarket drifted further on uncertainty about United States inflation and the China economy, while the world’s largest investment fund BlackRock added some intrigue.The S&P/NZX 50 Index softened in the afternoon and closed at 11,811.77, down 26.49 or 0.22% after reaching an intraday high of 11,858.52. The index has fallen 1.11% so far this week.There were 54 gainers and 69 decliners on the main board, with 28.97 million share transactions worth $64.6m. Ebos Group, down 20c to $35.50, topped the individual tradi...

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