NZ shares fall as Serko hits 10-month low

Wed, 12 Jan 2022

New Zealand shares fell marginally as an overnight bounce on Wall Street failed to buoy the local index, which was again led lower by riskier stocks.The S&P/NZX 50 Index fell 27 points, or 0.2%, to 12,804.48. Turnover was thin at $98.8 million.Global equity markets have come under pressure in recent days as investors worried about what will happen to share prices if the US Federal Reserve begins to raise rates in March.Senior market analyst at Oanda, Jeffrey Halley, said US markets had been comforted by the Fed chair Jerome Powell’s s...

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