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Shares decline as global uncertainty weighs

New Zealand shares fell as uncertainty about the global economy weighed on investor confidence. Sky Network Television dropped to a new low as the pay-TV operator remains out of favour. 

The S&P/NZX 50 Index decreased 49.42 points, or 0.5 percent, to 9,390.85. Within the index, 27 stocks fell, 19 gained and four were unchanged. Turnover was $144.6 million. 

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