New Zealand stocks fall 0.1% to 13,982 as healthcare, energy and utilities decline

New Zealand stocks fell 15 points, or 0.1%, to 13,982 in Wednesday morning trading, erasing the previous session’s gains as healthcare, energy and utilities shares declined. Meridian Energy fell 0.5% ahead of its earnings report, while Fisher & Paykel Healthcare and Contact Energy also weakened. Investors remained cautious ahead of US PCE price data, which could influence the Federal Reserve’s upcoming policy decision, and speeches by FOMC officials at the Jackson Hole Symposium. An upbeat Wall Street session, supported by technology shares, lower oil prices and falling US Treasury yields, limited the decline.

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