Strong kiwi weighs down shares
New Zealand’s benchmark stock index extended its losses, locking in a third consecutive weekly decline as the kiwi dollar continued to climb.
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New Zealand shares missed a regional rally as the strong kiwi dollar stymied strong offshore leads, while the NZX’s website went offline in the afternoon.
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New Zealand shares edged higher with Tourism Holdings leading the market after an upgrade to its earnings helped insulate investor sentiment from a one-week extension to current covid restrictions.
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