MARKET CLOSE: NZ shares fell on concerns about stalling global growth

MARKET CLOSE: NZ shares fell on concerns about stalling global growth
Jenny Ruth
New Zealand shares played follow-the-leader, following Wall Street lower after poor US manufacturing data highlighted the risks to the global economy. The benchmark S&P/NZX 50 Index fell 45.35 points, or 0.4 percent, to 10,951.64. Within the index, 10 stocks rose, 34 fell and 6 were unchanged. Turnover was $121.7 million. The broad measure of US stocks, the S&P 500 Index, shed 1.23 percent overnight and markets throughout Asia were following it lower today. The US Institute for Supply Management’s factory index fell in September to its...

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