NZ’s benchmark stock index falls to 3-month low, joining global slide

Mon, 04 Jun 2012

By Hannah Lynch June 05 (BusinessDesk) - New Zealand shares fell to a three-month low when trading resumed after a three-day weekend, joining a global slide driven by renewed European fears and weaker employment and manufacturing data in the US. The NZX 50 index fell 0.9 percent to 3,422.3038, the lowest since March 8. The local market was closed for the Queen's Birthday holiday yesterday. On Wall Street, the Standard & poor’s 500 Index closed at 1278.18, the lowest since Jan. 6 and German's DAX 30 fell 1.2 percent yesterday. Weaker-than-e...

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