The Markets

Travel stocks drop as trans-Tasman bubble deflates

Monday 28th of June 2021

The S&P/NZX 50 Index fell 22.34 points, or 0.2%, to 12,603.75 with most stocks in decline. Turnover was $129 million.

Greg Smith, head of research at Fat Prophets, said investors were reacting to the "high-profile” outbreak in various Australian states.

Six states and territories are facing covid-19 outbreaks and the NZ government elected to block all quarantine-f...

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