Pandemic fears drive NZ shares lower for a second day consecutive day

The S&P/NZX 50 Index dropped 185.37 points, or 1.6 percent, to 11,533.86. Within the index, 45 stocks fell, four rose and one was unchanged. Turnover was $206.3 million, with 17 companies trading on volumes of more than a million shares.

Stock markets around the world extended their decline as the global cases of covid-19 stoked fears that worldwide economic growth will slow. Asian...