NZ shares fell on global growth concerns

The S&P/NZX 50 index fell 34 points, or 0.4 percent, to 9114.63. Within the index, 17 stocks rose, 9 were unchanged and 24  fell. Turnover was light at $101 million.

US markets were closed overnight due to a holiday but equity markets in Europe fell after China's slightly slower 6.4 percent GDP growth in the December quarter. Asian markets followed suit and sentiment soured further after the International Monetary Fund trimmed its global growth forecasts.

World growth was revised down to 3.5 percent and 3.6 percent in 2019 and 2020, primarily reflecting trade tensions and tightening financial conditions, according to the IMF’s latest World Economic Outlook Update.

Australia's S&P/ASX 200 index fell 0.7 percent while Japan's Topix was down 0.8 percent and Hong Kong's Hang Seng was down 1.0 percent.