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The Financial Express
Swasti Lankabangla Swasti Lankabangla

New Zealand shares retreats


New Zealand shares retreats

New Zealand shares index drew back from record highs on Friday hit in the previous session.

The benchmark S&P/NZX 50 fell 0.3 per cent, its biggest intraday percentage drop since mid-December.

The index is, however, headed for an eighth straight weekly gain, reports Reuters.

Telecom stocks dominated the losses, with Spark New Zealand Ltd slipping 1.6 per cent to a four-week trough.

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