NZ shares fall as investors face up to inflation 'bogeyman'

Travel booking software firm Serko led the index lower, falling 4.5% to $6.21. (Image: Supplied)

Tue, 11 Jan 2022

New Zealand shares fell for a third consecutive session as international investors continue to sell risk assets in the expectation the US central bank will soon tighten monetary policy.The S&P/NZX 50 Index fell 61 points, or half a percent, to 12,831.73. Turnover was $130.8 million.It was another grim session for global markets overnight as US stocks took another fall,. The S&P 500 has declined on each of the five trading days in 2022 so far.ANZ’s head of global economics, Brian Martin, said investors have been paring back risk as...

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