NZ sharemarket down 0.5%
The S&P/NZX 50 Index was rescued with a late rise in the matching session and closed at 12,040.49, down 55.35 points or 0.46%, after reaching an intraday low of 11,956.92 following big falls on Wall Street.
There were 81 decliners and 61 gainers on the main board, with 32.09 million shares worth $115.35m changing hands.
The markets were jittery following recent strong economic data in the United States, sending the US 10 Year Treasury Note yield to its highest level (4.349 per cent) since the end of November. The NZ 10 Year Government Bond yield was up 3.7 basis points to 4.651%.
Crude oil has risen to a five-month high at US$84.76 (NZ$141.94) a barrel.
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