Kiwi shares tumble almost 5% in early trade

Tue, 10 Mar 2020

The S&P/NZX 50 Index fell almost 5 percent in early trading as the steep plunge on Wall Street had investors heading for the door. The benchmark index was down 4.9 percent or 539.75 points to 10,552.20 at 10:30 am. “We are just now starting to see some investors panic a bit on the sell side,” Hamilton Hindin Green director Grant Williamson said.US stocks fell hard enough after the open to trigger a 15-minute trading halt. Last night was the first time the Dow Jones Industrial Average lost more than 2,000 points in one session.Mark...

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