Pandemic fears drive NZX50 to seven-month low

Thu, 12 Mar 2020

The New Zealand share market's key index fell to a seven-month low as the spreading coronavirus, now officially recognised as a pandemic, pushed Wall Street's Dow Jones Industrial Average into bear market territory. The US benchmark stock indices all closed more than 4 percent weaker last night, with the Dow falling 5.9 percent. It is down more than 20 percent from its Feb. 12 peak. The S&P/NZX50 Index fell 2.3 percent to 10,618.38 at 1pm in Wellington, and is 12 percent down from its Feb. 21 high. The S&P/ASX 200 Index fell 2.4 percent i...

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