New Zealand Shares Drop Amid Slower China's Economy

Source: National Business Review
© Reuters
New Zealand shares declined sharply today, as the Wall Street's 'fear gauge' increased to its highest level in two weeks amid 8.5% drop in China's Shanghai Composite index the previous day. The S&P/NZX 50 Index lost 23.68 points, or 0.4%, falling to 5848.38. Inside the benchmark index, eight stocks jumped, thirty seven slid and only five remained unchanged.
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