Shares slip with investors cautious

Wed, 13 Jan 2021

Most New Zealand shares continued to decline as investors remained cautious about the global outlook after the year kicked off with a generous dose of turbulence and higher bond yields. The S&P/NZX 50 Index fell 63.41 points, or half a percent, to 13,120.28. Within the index, 27 stocks fell, 19 rose and four were unchanged. Turnover was $173.1 million.ASB Bank economist Nathaniel Keall said rising covid cases, the chaotic US presidential transition and weak US job data gave plenty for investors to fret over. “But the...

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