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New Zealand shares declined on Thursday, as business sentiment sunk to an eight-year low in November.
The benchmark S&P/NZX 50 index fell 0.2 per cent or 17.26 points to 8,124.70. The benchmark was down 0.3 per cent on a monthly basis, on track to snap 10 consecutive months of gains, reports Reuters.
New Zealand business sentiment sunk to an eight-year low in November amid uncertainty around the new Labour government, an ANZ Bank survey showed.
Auckland International Airport Ltd accounted for most of the losses, falling 1.4 per cent, while Xero Ltd dipped 2.6 per cent to a record low.