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New Zealand Shares Fall; Chorus Acknowledges New Zealand Government's Deal to Monetize Debt

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New Zealand shares ended lower on Friday as most Asian shares saw losses after a sell-off in Wednesday's Wall Street trading session.

The S&P/NZX 50 Index fell 0.96% or 133.93 points to close at 13,824.13.

On Thursday, the Nasdaq Composite lost 0.1%, the S&P 500 fell 0.2% while the Dow Jones declined 0.9%.

In domestic news, the national average asking price in New Zealand remained flat at NZ$866,945 in July, up 1% on last year's NZ$858,371, according to a report by realestate.co.nz.

In corporate news, Chorus (ASX:CNU, NZE:CNU) acknowledged the New Zealand government's binding agreements to monetize the debt it holds in the company.

NZME (NZE:NZM, ASX:NZM) struck an agreement to acquire the print plant equipment at Stuff's facility in Petone, New Zealand.

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