NZ shares edge lower as global ructions weigh; Tourism Holdings sinks
The S&P/NZX 50 Index decreased 4.37 points, or 0.04 percent, to 11,062.75. Within the index, 25 stocks fell, 19 rose, and six were unchanged. Turnover was $101 million.
Stocks across Asia were mixed, with Australia's S&P/ASX 200 Index down 0.1 percent in afternoon trading, Singapore's Straits Times Index was up 1 percent and China's Shanghai Composite Index was flat.
Investors have one eye on Wall Street for a steer on the global economy as US-listed companies report September-quarter earnings. The other is on the geopolitical uncertainty stemming from Britain's planned exit from the European Union and the ongoing trade war between China and the US.
Peter McIntyre, an investment advisor at Craigs Investment Partners, said investors are on high alert for what's happening overseas, ranging from the US earnings season, Brexit, the Hong Kong protests, and slowing Chinese economic growth.
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