Oct 20 (Reuters) - New Zealand shares fell on Friday after the small, nationalist New Zealand First Party agreed to form a new government with Labour Party leader Jacinda Ardern.
The benchmark S&P/NZX 50 index .NZ50 fell 1.1 percent, or 93.98 points to 8,030.09 in early trade, with losses led by healthcare, utility and telecom stocks. The benchmark gained 0.1 percent on Thursday.
New Zealand's Labour leader Jacinda Ardern will form the country's next government and will become New Zealand's youngest leader in 150 years. shares are also expected to slip as oil and commodity prices continued to slid.
The local share price index futures YAPcm1 fell 0.3 percent, or 19 points, a 37.1-point discount to the underlying S&P/ASX 200 index .AXJO close.
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