NZ stocks turn as UK referendum result keeps investors guessing

Fri, 24 Jun 2016

By Paul McBeth June 24 (BusinessDesk) - New Zealand shares gave up earlier gains as early results from Britain's referendum on whether to leave the European Union show the race is much closer than what pundits had been picking . The S&P/NZX 50 index was down 0.5 percent to 6784.89 at 1.57pm, having been up 0.5 percent earlier in the day. The local bourse followed its Australian counterpart lower, with the S&P/ASX 200 Index recently down 1.3 percent as the UK vote results show a slight lead for Britain to stay in the EU. Investors had...

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