Global markets were lower overnight following the resumption of a sell-off across US Technology stocks, with the latest round of selling being triggered by a record fine against Google’s parent company Alphabet from the European Union. On the flipside, mining stocks were well supported following a rebound in the price of iron ore. Investors also digested a speech in London by US Federal Reserve Chair Janet Yellen, in which she signalled there will be more interest rate hikes ahead.
Closer to home, the NZ market hit a fresh all-time high yesterday, while the ASX slightly lower. One of the stocks hitting headlines was Tegel (TGH.NZ / TGH.AX) which we discuss below.
Stock in Focus: Tegel (TGH.NZ / TGH.AX)
Chicken producer Tegel announced its full-year earnings results yesterday, with a 0.8% increase in...
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