New Zealand Stocks Extend Drop
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New Zealand's S&P/NZX 50 index fell 0.3% to 13,257, marking its lowest close since late September, influenced by declines in AI stocks and anticipation of US inflation data. The economy grew 1.1% in Q3, surpassing expectations. Notable stock decliners included Fisher & Paykel, Infratil, a2 Milk, and Air New Zealand, while Meridian Energy, Fletcher Building, Ryman Healthcare, and Argosy Property saw gains.
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