NZX50 comes back from ‘unprecedented’ crash

Fri, 13 Mar 2020

The S&P/NZX 50 Index clawed back earlier losses when Australian markets opened, having slumped as much as 7.9 percent as coronavirus fears turned into panic and investors sold shares indiscriminately.During the past 24 hours, equity markets across the world saw some of the sharpest declines in more than three decades as it became clear efforts to contain covid-19 had been unsuccessful.The NZX50 was down 596.44 points, or 5.8 percent at 9,738.88 at 12:35pm in Wellington, having fallen as low as 9,468.94 before Australia opened. The S&P/A...

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Economy

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