NZ shares fall as covid concerns investors

The S&P/NZX 50 Index fell 67.95 points, or 0.5 percent, to 12,767.17. Within the index, 32 stocks fell, 11 rose and seven were unchanged. Turnover was $204.5 million.

Stephen Innes, chief global markets strategist at AxiCorp, said investors had been spooked by new virus restrictions, which were being tightened significantly in Europe and the US for the first time since covid vaccines were announced.

“The latest New York lockdowns have sent a not so pleasant holiday jingle-jangle across risk assets,” he said.

Share markets across Asia were all off half a percent, while only the tech-heavy Nasdaq on Wall Street avoided a sell off.