NZ shares fall
New Zealand shares fell, joining a sell-off across Asia, as investors fret over the future track of US interest rates ahead of this week's Federal Reserve policy review. Heartland Group sank on concerns over stricter banking capital requirements.
The S&P/NZX 50 index dropped 57.22 points, or 0.7 percent, to 8,688.37. Within the index 29 stocks fell, 14 gained and seven were unchanged. Turnover was $160.1 million.