NZ shares flat as global markets fear Evergrande crisis

NZ shares flat as global markets fear Evergrande crisis
Dan Brunskill
New Zealand’s defensive share market was mostly immune to global jitters as a giant Chinese firm looks ready to collapse under the weight of hundreds of billions of debt.The S&P/NZX 50 Index was almost unchanged, down just 1.6 points, or 0.01%, at 13,165.94. Turnover was $173 million.Key US indices each fell about 2% overnight, as investors worried that property developer Evergrande Group’s insolvency could lead to a liquidity shock in the wider market.The Hang Seng Index was trading just 0.4% lower during the session, but this...