New Zealand stocks lose 0.8%, biggest fall in four weeks

04:14 GMT — New Zealand’s NZX-50 closed 0.8% lower at 11135.58, its biggest decline in four weeks amid global concern over the potential economic impact of the Israel-Hamas conflict. Shares of 16 of the 20 largest companies by market capitalization finished in the red, with only property trust Goodman and a trio of utility providers gaining ground. Meridian Energy, Contact energy And Mercury Reviews added between 0.1% and 0.6%. ANZ Banks, Heart of the country And Westpac lost between 1.15% and 2.4%. Dairy stocks Fonterra, Synlait and a2 Milk lost between 0.6% and 2.2%. Infrastructure investor Infratil, Auckland International Airport and the Port of Tauranga fell between 0.6% and 2.1%. The NZX-50 is down 1.2% since the start of the week and is on track for its fourth consecutive weekly decline. (stuart.condie@wsj.com)