RESEND - MARKET CLOSE NZ shares drop as global markets retreat

Thu, 30 Jan 2014

(Fixes typo in headline) By Suze Metherell Jan. 30 (BusinessDesk) – New Zealand shares fell today, as global markets reacted to news of another cut in US monetary stimulus and investors eyed emerging markets nervously. The NZX 50 Index fell 32.881 points or about 0.7 percent to 4849.842. Inside the index 30 stocks dropped, 11 rose and nine were unchanged. Total turnover for the day was $ 78.7 million. Across the region markets were weighed on by news of the US Federal Reserve further trimming its bond buying programme, which has been pro...

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