US election keeps nervous investors on sidelines

Mon, 02 Nov 2020

New Zealand shares edged lower as many investors fixated on the potential for civil unrest and a contested result following the United States presidential election on Wednesday. The S&P/NZX 50 Index fell 13.64 points, or 0.1 percent, to 12,070.83. Within the index, 33 stocks fell, 11 rose and six were unchanged. Turnover was $123.8 million.Investors are bracing for the likelihood the US presidential election will be contested. This is because of a change in voting behaviour due to covid-19 will mean votes will take much longer to count...

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