NZX50 drops 2.7%
New Zealand shares fell in a widespread sell-off as rising US interest rates caused investors globally to rethink their attachment to growth-orientated stocks.
The S&P/NZX 50 index dropped 240.48 points, or 2.7 percent to 8,810.34 as at 1.05pm. That followed a 3.2 percent slide in the Dow Jones Industrial Average. Australia's S&P/200 i