NZ tech stocks slide on Meta's mega miss

Fri, 04 Feb 2022

New Zealand's main share index fell with global equities as shares in Facebook owner Meta dropped 25% and central banks in Europe started tightening monetary policy.The S&P/NZX 50 Index fell 56 points, or 0.5%, to 12,279.56. Turnover was $117 million.In Europe, the Bank of England hiked its benchmark policy rate by 25-basis points, and four of the nine committee members voted for a 50-basis point hike.The European Central Bank held its rate unchanged but kept the door open for possible rate hikes this year – something it had previ...

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