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NZ shares flat as global markets fear Evergrande crisis

Dan Brunskill
Tue, 21 Sep 2021

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...

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