The Markets

NZ shares snap 7-day rally

Wednesday 8th of September 2021

The S&P/NZX 50 Index fell 131 points, or 1%, to 13,193.01. Turnover was $197 million.

Without much rhyme or reason, global equity markets were weaker overnight, prompting NZ investors to hit pause on a remarkable rally that pushed the NZX 50 up 4.8% in August.

Harbour Asset Management said in a note that the delta variant had failed to dampen equity markets.

“T...

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