NZ shares fall on first day of NZ's omicron outbreak

"The one stock that's doing quite well today is Fisher & Paykel Healthcare ..."

Mon, 24 Jan 2022

New Zealand shares and the kiwi dollar fell on Monday as investors eye up whether the spreading omicron outbreak will prompt the US Federal Reserve to signal faster and steeper interest rate hikes on Thursday.The S&P/NZX 50 Index dropped 156.94 points, or 1.3%, to 12,191.06 today, and is down almost 6.5% so far this year in what’s been a slow start for equity markets as the prospect of rising interest rates saps the relative allure of shares. Turner was $112.2 million, with Wellington traders out for the region’s anniversary hol...

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