Asian markets a sea of red - NZ no exception

Fri, 28 Feb 2020

Asian equity markets are a sea of red and New Zealand is no exception as coronavirus fears continue to grip investors.The S&P/NZX-50 Index was down 2.1 percent at 11,193.58 at 2pm in Wellington, Japan’s Topix was down 2.7 percent and Australia’s S&P/ASX 200 shed 3.3 percent. The Asian markets tracked Wall Street lower, where all three major indices dropped more than 4 percent. “We are seeing selling across the board, with exporters at the top of the list,” said Grant Davies, an investment adviser at Hamilton Hindin Greene.Among exp...

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