NZ shares sink as investors watch for inflation

Tue, 20 Apr 2021

New Zealand shares fell in line with US markets and ahead of tomorrow’s local consumer price index data.The S&P/NZX 50 Index fell 89.28 points, or 0.7 percent, to 12,678.55. Within the index, 34 stocks fell, 14 rose, and two were unchanged. Turnover was $168.5 million.This decline tracks a similar one on Wall Street overnight with the S&P 500 dropping half a percent and the Nasdaq down 1%.US markets have been sitting at record highs, but investors have taken some risk off the table ahead of a highly anticipated earnings season.NZ&...

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