NZ shares fall in correction from September high, on Trump jitters, stronger kiwi

Wed, 02 Nov 2016

By Jonathan Underhill Nov. 3 (BusinessDesk) - New Zealand shares dropped, bringing the S&P/NZX 50 Index's decline from its September high to 11 percent, as equity markets suffer from a drop in risk appetite ahead of the US election. The NZX 50 fell 1.5 percent to 6,746.97, the lowest level in four months, after warnings about the potential economic risks of a win next week by Republican candidate Donald Trump rattled markets. Yesterday the New Zealand Institute of Economic Research put out analysis that a Trump win would be bad for New Ze...

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