The Markets

Investors brace for omicron

Thursday 20th of January 2022

The S&P/NZX 50 Index fell 115 points, or 0.9%, to 12,497.10. Turnover was still light at $111 million.

This was a second large decline for the index after it fell 1.5% yesterday after an increase in market interest rates was driven by inflation fears.

Today, it was two aged-care providers who led the index lower as investors appeared to be positioning for a looming omicron o...

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