NZX 50 has fallen 8.5% this year

New Zealand’s benchmark index finished the week down 8.5% year-to-date as bond yields creep higher and investors sell down stocks that collected outsized gains in 2020. The S&P/NZX 50 Index fell 61.09 points, or half a percent to 12,182.25. Within the index, 22 stocks fell, 21 rose and six were unchanged. Fisher & Paykel Healthcare was again one of the key causes of weakness on the index. The heavyweight stock dropped another 1.7% to $29.21 today, bringing its total decline in the past month to almost 20%. Head of r...