The Markets

NZ shares follow US fall

Monday 2nd of May 2022

The S&P/NZX 50 Index fell 100 points, or 0.8%, to 11,784.36. Turnover was light at just $95 million.

This decline was modest compared to the 3.6% hit the US benchmark S&P 500 Index took on Friday when investors dumped Amazon stock after it gave a disappointing update.

ASB economist Chris Tennent-Brown said the local share market was down more than 10% from its peak early...

Want to read the full article?
Click the button below to subscribe and will have unlimited access to full article and all other articles on the site.