NZ shares fall as investors brace for omicron

Dan Brunskill
Thu, 20 Jan 2022

Dan Brunskill
Thu, 20 Jan 2022
New Zealand shares fell on Thursday as investors prepared for an outbreak of covid’s omicron variant, which is widely considered to be imminent with many cases arriving in managed isolation.The S&P/NZX 50 Index fell 115 points, or 0.9%, to 12,497.10. Turnover was still light at $111 million.This was a second large decline for the index after it fell 1.5% yesterday after an increase in market interest rates was driven by inflation fears.Today, it was two aged-care providers who led the index lower as investors appeared to be positionin...

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