NZ shares follow US fall

Mon, 02 May 2022

New Zealand shares generally fell on Monday as investors in the Pacific caught up with the sell-off that hit US markets on Friday night.The S&P/NZX 50 Index fell 100 points, or 0.8%, to 11,784.36. Turnover was light at just $95 million.This decline was modest compared to the 3.6% hit the US benchmark S&P 500 Index took on Friday when investors dumped Amazon stock after it gave a disappointing update.ASB economist Chris Tennent-Brown said the local share market was down more than 10% from its peak early last year.“But so are global...

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