NZ shares left behind as Asian markets rally after Nikkei rout

NZ shares left behind as Asian markets rally after Nikkei rout
87 stocks fell, 59 rose, and 33 were unchanged. (Image: NZME)
Paul McBeth
New Zealand shares fell for a third day, having been left behind by the recovery across Asia after Monday’s rout in Japan, as economists ratcheted up calls for interest rate relief to ease a slowing economy. The S&P/NZX 50 Index dipped 18.73 points, or 0.2%, to 12,245.76. Across the main board, 87 stocks fell, 59 rose, and 33 were unchanged. Turnover was $136.1 million, in line with the July daily average value of $137m, with Arvida accounting for $22.9m of the day’s trading. NZ’s benchmark index was among the la...

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