NZX 50 sinks to month-low as Wall St rout spooks local investors

Sun, 17 Jan 2016

By Paul McBeth Jan. 18 (BusinessDesk) - New Zealand's shares fell to their lowest level in a month as trading opened for the week after a rout on Wall Street triggered a sell-off by local investors nervous about the impact of cheap oil and a slowing Chinese economy. The S&P/NZX 50 index sank 1.8 percent, or 113.19 points, to 6055.9 at 11.10am, the lowest level since Dec. 16. Within the index, 46 stocks fell, with just four unchanged. Global investors have been spooked since the start of the year when Chinese equity markets started sin...

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