NZ shares left behind as Asian markets rally after Nikkei rout

87 stocks fell, 59 rose, and 33 were unchanged. (Image: NZME)

Tue, 06 Aug 2024

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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