Shares fall as coronavirus woes return

Thu, 29 Oct 2020

New Zealand shares joined a worldwide rout as Europe’s return to lockdown reminded investors the pandemic still poses a serious threat to the global economy. The S&P/NZX 50 Index fell 62.72 points, or 0.5 percent, to 12,201.80. Within the index, 38 stocks fell, nine rose and three were unchanged. Turnover was $172.3 million.As the northern hemisphere heads into winter, covid cases have been rising and country-wide restrictions are being re-imposed in France and Germany. US and European equity markets fell sharply in response...

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