Business

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

TO READ THE FULL STORY ON NEWSROOM PRO

SUBSCRIBE TO PRO

Subscribe now to start a free trial of Newsroom Pro for 28 days.

View our subscription options

Comments

Newsroom does not allow comments directly on this website. We invite all readers who wish to discuss a story or leave a comment to visit us on Twitter or Facebook. We also welcome your news tips and feedback via email: contact@newsroom.co.nz. Thank you.

PARTNERS