Forex
NZX 50 Index Falls Amid Oil Price Concerns
New Zealand's S&P/NZX 50 index joined the global decline as elevated oil prices fueled concerns about mounting consumer inflation ahead of key US figures due out later this week.
The benchmark index dropped 108.42 points, or 0.8%, to 13,711.01, with 43 stocks falling and only four rising, while companies shedding rights to upcoming dividends such as Sky Network Television and Spark New Zealand were at the bottom of the leaderboard.
Bremworth advanced after the carpetmaker's independent directors resigned, clearing the way for David Ferrier's partial takeover bid, while General Capital jumped after its finance unit grew its loan book in the June quarter.