NZ stocks take Wall Street lead to end down 1%
The New Zealand sharemarket took its lead from a weaker Wall Street to end lower on Friday.
The S&P/NZX 50 Index closed down 133.41 points or 0.98% at 13,464.46, with 34.3 million shares worth $130.2m trading.
There were 106 falls and 34 rises on the main board.
Most other markets in the Asia-Pacific region were also softer after United States stocks had their worst day in a month, largely due to selling in technology stocks.
The Dow Jones Index fell by 1.65%, the S&P 500 by 1 ...MORE»
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Key market movements
Global equities were positive again in October, with the MSCI ACWI up 3.7% in unhedged NZD terms and 2.7% NZD-hedged. Easing trade tensions between the US and China and a solid third quarter earnings season supported gains.
New Zealand equities advanced 1.9%, buoyed by easing monetary conditions and early signs of an economic recovery. Australian shares delivered a smaller ...MORE»
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