New Zealand shares post biggest weekly drop in nearly 8 yrs

New Zealand shares extended losses to a fourth consecutive session on Friday.

The benchmark S&P/NZX 50 index fell about 1.0 per cent or 84.770 points to finish the session at 8,092.370.

The index lost 3.8 per cent for the week, its biggest weekly decline in nearly eight-years, reports Reuters.

Industrials and health care stocks led the fall, with Fisher & Paykel Healthcare Corp Ltd slipping 1.9 per cent to an over 2-1/2 month low.

Auckland International Airport Ltd dropped 1.2 per cent to a eleven-week low.