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Asian Markets Exhibit Mixed Trend


Asian Markets Exhibit Mixed Trend
CANBERA (dpa-AFX) - Asian stock markets are exhibiting a mixed trend on Tuesday amidst continued worries about inflation and high valuations as well as tracking a weak lead from Wall Street, which closed mostly lower overnight.
The Australian stock market is quite subdued Tuesday morning with investors largely making cautious moves, tracking a weak lead from Wall Street where stocks struggled for support overnight amid concerns a swift economic recovery might stoke inflation.
Energy and mining stocks are faring well tracking higher crude and bullion prices, while consumer discretionary, technology and telecommunications shares are drifting lower. ....

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Market close: Strong NZ dollar and mixed results weigh down sharemarket


Market close: Strong NZ dollar and mixed results weigh down sharemarket
22 Feb, 2021 04:43 AM
4 minutes to read
The travel stocks had a better day on the renewed hope of border re-openings. Photo / File
The travel stocks had a better day on the renewed hope of border re-openings. Photo / File
NZ Herald
By: Graham Skellern
There was plenty of action involving the New Zealand sharemarket, but in the end it fell one per cent, weighed down by mixed company results, rising wholesale interest rates and a strong NZ dollar.
The
S&P/NZX 50 Index was down 122.39 points or 0.98 per cent to 12,426.24 after reaching an intraday high of 12,588.38. There were 54 gainers and 90 decliners over the whole market on strong trading of 50.86 million shares worth $191.55 million. ....

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