NZ shares fall in shadow of Nvidia result

NZ shares fall in shadow of Nvidia result
The NZ sharemarket was down today as the local earnings season continued to weigh on prices. (Image: Getty)
Paul McBeth
New Zealand shares joined a global selloff as investors were disappointed by Nvidia’s strong result in the US, while more weak earnings at home added to the sombre mood.The S&P/NZX 50 Index dropped 116.99 points, or 0.9%, to 12,353.61. Across the main board, 101 stocks fell, 37 rose, and 41 were unchanged. Turnover was $123.9 million, with 11 companies trading on volumes of more than a million shares.Stock markets across Asia fell after chipmaker Nvidia’s more than doubling of sales and earnings in the June quarter failed to ins...

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