NZ shares fall; Air NZ shoots down merger talk

(Image: Air NZ)

Fri, 16 Sep 2022

New Zealand's sharemarket lost further ground on Friday, having already suffered a significant fall on Wednesday when US inflation data was released.The S&P/NZX 50 Index fell 78 points, or 0.7%, to 11,580.46. Turnover was $449 million, with the trading session extended for the quarterly rebalance of the S&P/NZX and FTSE Russell Indices.The benchmark index’s minuscule gain yesterday gave way to decline today, and it finished the week lower than it closed on Wednesday.Global interest rates have been moving higher since the US in...

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