NZ shares down, Russian threat remains

Markets are feeling nervous about the possibility of war kicking off in Europe. (Photo: Deposit)

Fri, 18 Feb 2022

New Zealand's headline share index followed global markets lower as investors lost their optimistic view that Russia might be backing away from the Ukrainian border.The S&P/NZX 50 Index fell 115 points, or 0.9%, to 12,141.89. Turnover was $100 million.The narrative in financial markets for the past couple of days has been that investors were regaining confidence as tensions on the Russia/Ukraine border eased.There was never much evidence for this supposed de-escalation and US President Joe Biden reiterated overnight a “very high&r...

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