NZ shares fall on US interest rate rises

(Image: Getty)

Wed, 31 Aug 2022

New Zealand's main share index dipped on Wednesday, following Wall Street indices which fell sharply overnight as central bankers talked up the prospect of higher interest rates.The S&P/NZX 50 Index fell 47.5 points, or 0.4%, to 11677.41. Turnover was $191 million, with the trading session extended for the August rebalance of the MSCI Equity Indices.United States equities fell for a third consecutive session after Federal Reserve chair Jerome Powell’s speech at Jackson Hole last week.His remarks at the central banking conference u...

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