NZX50 slumps 3.2% in aggressive sell-off

Tue, 25 Feb 2020

Kiwi investors reacted to the sharp drop on Wall Street overnight with their own aggressive sell-off, pushing the S&P/NZX50 down more than 3 percent in early trading.The benchmark index sank 377.72 points, or 3.2 percent, to 11,479.40 at 11am, before the Australian market opens. The rising number of coronavirus cases outside China has caused stocks across Europe and the US to plunge, with most indices down over 3 percent.Hong Kong's Hang Seng was down 1.8 percent yesterday, Germany's Dax ended the session down 4 percent, and the three...

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