NZ joins global equity rout

Thu, 28 Jan 2021

No stocks in New Zealand’s benchmark equity index rose today as the local market joined a sudden correction that hit exchanges around the world overnight. The S&P/NZX 50 Index fell 287.54 points, or 2.2 percent, to 13,086.46. Within the index, 48 stocks fell, and two were unchanged. Turnover was $151.9 million.Key indices on Wall Street each tumbled more than 2 percent overnight, without any obvious trigger for the rout. Asian markets followed suit, with bourses in Australia and Hong Kong also down a similar amount.The US Federal...

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